2005 Minnesota Statutes - 240.135 — Card club revenue.

     240.135 Card club revenue. 


    (a) From the amounts received from charges authorized under 
 section 240.30, subdivision 4, the licensee shall set aside the 
 amounts specified in this section to be used for purse payments. 
 These amounts are in addition to the breeders fund and purse 
 requirements set forth elsewhere in this chapter. 


    (1) For amounts between zero and $6,000,000, the licensee 
 shall set aside ten percent to be used as purses. 


    (2) For amounts in excess of $6,000,000, the licensee shall 
 set aside 14 percent to be used as purses. 


    (b) From all amounts set aside under paragraph (a), the 
 licensee shall set aside ten percent to be deposited in the 
 breeders fund.  The licensee and the horseperson's organization 
 representing the majority of horsepersons who have raced at the 
 racetrack during the preceding 12 months may negotiate 
 percentages different from those stated in this section if the 
 agreement is in writing and filed with the Racing Commission. 


    (c) It is the intent of the legislature that the proceeds 
 of the card playing activities authorized by this chapter be 
 used to improve the horse racing industry by improving purses.  
 The commission shall annually review the financial details of 
 card playing activities and determine if the present use of card 
 playing proceeds is consistent with the policy established by 
 this paragraph.  If the commission determines that the use of 
 the proceeds does not comply with the policy set forth herein, 
 then the commission shall direct the parties to make the changes 
 necessary to ensure compliance.  If these changes require 
 legislation, the commission shall make the appropriate 
 recommendations to the legislature. 


    HIST: 1999 c 206 s 6