BD37288E31D75FD287258255006B8D48 Hearing Summary

Representatives Catlin and Arndt, co-prime sponsors, presented Senate Bill 18-182, concerning the authority to allocate a potion of the source market fee to statutorily authorized purse funds.  The bill authorizes the director of the Racing Division in the Department of Revenue (DOR) to allocate a portion of the source market fee deposited into the Horse Breeders' and Owners' Awards and Supplemental Purse Fund (Purse Fund) if he or she determines that such an allocation is necessary to maintain a sufficient and competitive purse structure.  This fund is to be paid as authorized by the director of the Racing Division as purses for races held at live race meets in Colorado or as otherwise directed by the Colorado Racing Commission.

Bruce Seymore, Mile High Racing, testified in support of the bill and responded to questions from the committee.

Tom Downey, Mile High Racing, testified in support of the bill and responded to questions from the committee.

Dan Hartman, Colorado Division of Racing, responded to questions from the committee regarding off-track betting in other states.

Representatives Arndt and Catlin made concluding on the bill. Committee discussion ensued.