Kansas Statutes 74-8838. Horse fair racing benefit fund; authorized uses
(a) The state treasurer shall credit 1/3 of the taxes on the takeout from parimutuel pools for simulcast races, as certified by the executive director, to the horse fair racing benefit fund, which is hereby created in the state treasury.
(b) Twenty-five percent of all moneys credited to the horse fair racing benefit fund may be expended, upon application to the commission, for capital improvements to racetrack facilities on or adjacent to premises used by a fair association to conduct fair racing activities.
Terms Used In Kansas Statutes 74-8838
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Commission: means the Kansas racing and gaming commission created by this act. See Kansas Statutes 74-8802
- Executive director: means the executive director of the commission. See Kansas Statutes 74-8802
- Fair association: means an association organized pursuant to Kan. See Kansas Statutes 74-8802
- Greyhound: means any greyhound breed of dog properly registered with the national greyhound association of Abilene, Kansas. See Kansas Statutes 74-8802
- Nonprofit organization: means :
(1) A corporation that is incorporated in Kansas as a not-for-profit corporation pursuant to the Kansas general corporation code and the net earnings of which do not inure to the benefit of any shareholder, individual member or person; or
(2) a fair association. See Kansas Statutes 74-8802
- Organization licensee: means a nonprofit organization licensed by the commission to conduct races pursuant to this act and, if the license so provides, to construct or own a racetrack facility. See Kansas Statutes 74-8802
- Race meeting: means one or more periods of racing days during a calendar year designated by the commission for which an organization licensee has been approved by the commission to hold live horse or greyhound races or simulcast horse races at which parimutuel wagering is conducted, including such additional time as designated by the commission for the conduct of official business before and after the races. See Kansas Statutes 74-8802
- Simulcast: means a live audio-visual broadcast of an actual horse race at the time it is run. See Kansas Statutes 74-8802
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
- Takeout: means the total amount of money withheld from each parimutuel pool for the payment of purses, taxes and the share to be kept by the organization licensee. See Kansas Statutes 74-8802
(c) The remaining moneys in the horse fair racing benefit fund shall be expended only for:
(1) Reimbursement of the commission for the commission’s administrative costs, as established by rules and regulations of the commission, related to race meetings conducted by a fair association or a horsemen’s nonprofit organization, including the cost of stewards, racing judges and assistant animal health officers performing services at such race meetings;
(2) paying the costs of totalisator expenses incurred by an organization licensee that is a fair association or horsemen’s nonprofit organization;
(3) paying the costs of background investigations required under the Kansas parimutuel racing act for members of a fair association or horsemen’s nonprofit organization;
(4) purse supplements at race meetings conducted by a fair association or horsemen’s nonprofit organization;
(5) basic operating assistance grants to an organization licensee that is a fair association or horsemen’s nonprofit organization; and
(6) costs for employment of key racing officials, as determined by the commission, incurred by an organization licensee that is a fair association or horsemen’s nonprofit organization.
(d) The commission shall adopt rules and regulations establishing procedures for distributing moneys in the horse fair racing benefit fund to fair associations and nonprofit horsemen’s organizations for the purposes provided by this section.
(e) Expenditures from the horse fair racing benefit fund related to the conduct of a race meeting shall not be allocated to any organization licensee for a period exceeding 40 days.
(f) Expenditures from the horse fair racing benefit fund shall not be allocated to any organization licensee to support the conduct of parimutuel greyhound races unless the organization licensee conducts an equal or greater number of parimutuel horse races during the race meeting.
(g) Expenditures from the horse fair racing benefit fund shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the chairperson of the commission or a person designated by the chairperson.