NOTE:  This bill has been prepared for the signature of the appropriate legislative
officers and the Governor.  To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
      history, or the Session Laws.
      
      
      SENATE BILL 10-037
      
      
      BY SENATOR(S) Kester, Spence, Tapia, Tochtrop;
      also REPRESENTATIVE(S) Casso, Looper, McKinley.
      
      
      Concerning an increase in the amounts payable from the horse
           breeders' and owners' awards and supplemental purse fund
           for costs of administration.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  12-60-704 (1), Colorado Revised Statutes, is amended
      to read:
      
           12-60-704.  Horse breeders' and owners' awards and
      supplemental purse fund - awards - advisory committee.  (1)  There is
      hereby created a fund, to be known as the horse breeders' and owners'
      awards and supplemental purse fund, referred to in this section as the
      "fund", which shall consist of moneys deposited thereto by the licensee for
      the racing of horses and by an operator of an in-state simulcast facility that
      receives simulcasts simulcast races of horses for the purposes of this
      section, to be held in a trust account, which moneys shall be paid out to
      owners and breeders of Colorado-bred horses as provided in this section and
      by rules of the commission.  Such rules shall provide for an administrative
      fee to be paid to the Colorado horse breeder associations for registering and
      maintaining breeding records for the administration of the fund.  Such fees
      shall not exceed five ten percent of the total moneys generated by the
      unclaimed pari-mutuel tickets and such moneys provided by section
      12-60-701 (2) (b).
      
           SECTION 2.  Act subject to petition - effective date.  This act
      shall take effect at 12:01 a.m. on the day following the expiration of the
      ninety-day period after final adjournment of the general assembly (August
      11, 2010, if adjournment sine die is on May 12, 2010); except that, if a
      referendum petition is filed pursuant to section 1 (3) of article V of the state
      constitution against this act or an item, section, or part of this act within
      such period, then the act, item, section, or part shall not take effect unless
      approved by the people at the general election to be held in November 2010
      and shall take effect on the date of the official declaration of the vote
      thereon by the governor.
      
      
      
      
      ____________________________  ____________________________
      Brandon C. Shaffer                Terrance D. Carroll
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Karen Goldman                          Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    Bill Ritter, Jr.
                                    GOVERNOR OF THE STATE OF COLORADO