SB18-182 - Source Market Fee Allocation To Horse Purse Fund

Passed/Signed into Law
Concerning the authority to allocate a portion of the source market fee to statutorily authorized purse funds.

Current law requires persons outside of Colorado who accept wagers from residents of Colorado on simulcast horse racing events to be licensed in Colorado and to pay a source market fee into the racing cash fund. The bill authorizes the director of the division of racing events to allocate a portion of the source market fee to be paid to any horse purse trust fund established pursuant to existing law, if necessary, to maintain a sustainable and competitive purse structure in Colorado. The money credited to a horse purse trust account from the source market fee is to be paid out as purses for races held at live race meets in Colorado, as authorized by the director, or as otherwise authorized by rules of the commission.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)


Latest update: April 12, 2018
04/12/2018 - Governor Signed
04/11/2018 - Sent to the Governor
04/11/2018 - Signed by the Speaker of the House
04/10/2018 - Signed by the President of the Senate
04/02/2018 - House Third Reading Passed - No Amendments
03/29/2018 - House Third Reading Laid Over to 04/02/2018 - No Amendments
03/28/2018 - House Third Reading Laid Over to 03/29/2018 - No Amendments
03/27/2018 - House Third Reading Laid Over to 03/28/2018 - No Amendments
03/26/2018 - House Second Reading Passed - No Amendments
03/23/2018 - House Second Reading Laid Over to 03/26/2018 - No Amendments
03/22/2018 - House Second Reading Laid Over to 03/23/2018 - No Amendments
03/19/2018 - House Committee on Agriculture, Livestock, & Natural Resources Refer Unamended to House Committee of the Whole
03/15/2018 - Introduced In House - Assigned to Agriculture, Livestock, & Natural Resources
03/14/2018 - Senate Third Reading Passed - No Amendments
03/13/2018 - Senate Second Reading Passed with Amendments - Committee
03/08/2018 - Senate Committee on Agriculture, Natural Resources, & Energy Refer Amended - Consent Calendar to Senate Committee of the Whole
02/26/2018 - Introduced In Senate - Assigned to Agriculture, Natural Resources, & Energy