101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB1292

 

Introduced , by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
230 ILCS 5/15.1  from Ch. 8, par. 37-15.1

    Amends the Illinois Horse Racing Act of 1975. Makes a technical change in a Section concerning deposits of fees.


LRB101 03484 SMS 48492 b

 

 

A BILL FOR

 

HB1292LRB101 03484 SMS 48492 b

1    AN ACT concerning gaming.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Horse Racing Act of 1975 is amended
5by changing Section 15.1 as follows:
 
6    (230 ILCS 5/15.1)  (from Ch. 8, par. 37-15.1)
7    Sec. 15.1. Upon collection of the the fee accompanying the
8application for an occupation license, the Board shall be
9authorized to make daily temporary deposits of the fees, for a
10period not to exceed 7 days, with the horsemen's bookkeeper at
11a race meeting. The horsemen's bookkeeper shall issue a check,
12payable to the order of the Illinois Racing Board, for monies
13deposited under this Section within 24 hours of receipt of the
14monies. Provided however, upon the issuance of the check by the
15horsemen's bookkeeper the check shall be deposited into the
16Horse Racing Fund.
17(Source: P.A. 97-1060, eff. 8-24-12.)