Full Text of HB1490 97th General Assembly
HB1490sam002 97TH GENERAL ASSEMBLY | Sen. Iris Y. Martinez Filed: 5/18/2011
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| 1 | | AMENDMENT TO HOUSE BILL 1490
| 2 | | AMENDMENT NO. ______. Amend House Bill 1490 as follows:
| 3 | | on page 7, by replacing line 2 with the following: | 4 | | " application file, license file, or registration file as | 5 | | maintained by the "; and | 6 | | on page 7, line 23, after " branches. ", by inserting the | 7 | | following: | 8 | | " One member of the Board shall be a member of the martial arts | 9 | | community and one member of the Board shall be a member of | 10 | | either the martial arts community or the boxing community. "; | 11 | | and | 12 | | on page 9, by replacing lines 14 through 18 with the following: | 13 | | " (4) Amateur martial arts contests that are not defined | 14 | | as full-contact martial arts contests under this Act. | 15 | | (5) Full-contact martial arts
contests, as defined by |
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| 1 | | this Act, that are recognized by
the International Olympic | 2 | | Committee or are contested in
the Olympic Games and are not | 3 | | conducted in an enclosed
fighting area or ring. "; and | 4 | | on page 12, line 25, after " competing ", by inserting " subject | 5 | | to Department approval "; and | 6 | | on page 13, line 13, by replacing " deductible " with | 7 | | " deductible. The promoter may not carry an insurance policy | 8 | | with a deductible in an amount greater than $500 "; and | 9 | | on page 13, line 14, by replacing " he or she " with " a | 10 | | contestant "; and | 11 | | on page 19, by replacing lines 7 through 18 with the following: | 12 | | "boxing or full-contact martial arts, (3) pay the required fee | 13 | | and meet any other requirements as established by rule provide | 14 | | proof of a
surety bond of no less than $5,000 to cover | 15 | | financial
obligations pursuant to this Act, payable to the | 16 | | Department
and conditioned for the payment of the tax imposed | 17 | | by this
Act and compliance with this Act and the rules | 18 | | promulgated
Act and compliance with this Act and the rules | 19 | | promulgated
pursuant to this Act , and (4) in addition to the | 20 | | foregoing, an applicant for licensure as a promoter of | 21 | | professional contests or a combination of both professional and | 22 | | amateur bouts in one contest shall also provide (i) proof of a |
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| 1 | | surety bond of no less than $5,000 to cover financial | 2 | | obligations under this Act, payable to the Department and | 3 | | conditioned for the payment of the tax imposed by this Act and | 4 | | compliance with this Act, and the rules adopted under this Act, | 5 | | and (ii) provide a financial statement,
prepared by a certified | 6 | | public accountant, showing liquid
working capital of $10,000 or | 7 | | more, or a $10,000
performance bond guaranteeing payment of all | 8 | | obligations
relating to the promotional activities , and (5) pay | 9 | | the
required fee and meet any other requirements as determined
| 10 | | by rule ."; and
| 11 | | on page 22, line 16, by replacing " 2 EMT-Ps " with " at least one | 12 | | EMT and one EMT-P "; and | 13 | | by deleting line 18 on page 26 through line 2 on page 27.
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