Colorado Legislative Council Staff

NO FISCAL IMPACT

TITLE:            CONCERNING ALLOWING PERSONS LICENSED TO HOLD A RACE MEET OF GREYHOUNDS TO ENTER INTO AGREEMENTS WITH ORGANIZATIONS THAT REPRESENT A MAJORITY OF KENNEL OWNERS PARTICIPATING IN A RACE MEET TO SPECIFY PURSE STRUCTURE.

Summary of Assessment

            Under current law, persons licensed to race horses are authorized to enter into agreements with organizations that represent the majority of the owners of horses participating at the race meet to specify the structure of the purse, including minimum purses per race and any conditions relating to overpayments or underpayments. This bill would allow for similar agreements between the organization which represents the majority of kennel owners and persons licensed to race greyhounds.

            The bill would not affect the revenues or expenditures of the state or units of local government. Therefore, the bill is assessed as having no fiscal impact. The bill would become effective upon signature of the Governor.

Departments Contacted

            Revenue