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2008 Session

Budget Amendments - SB30 (Committee Approved)

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Historical Horse Racing Proceeds (language only)

Item 130 #5s

Item 130 #5s

Commerce And Trade
Virginia Tourism Authority

Language
Page 106, after line 9, insert:
"J. Included in this Item are amounts equal to one-half of one percent of revenues generated from Historical Horse Racing proceeds after payment of all prizes and winning wagers.  These funds are directed to be used for Tourism Promotion through cooperative advertising grants."


Explanation
(This amendment authorizes the Virginia Tourism Authority to receive one-half of one percent of the proceeds from historical horse racing authorized through a companion amendment to Item 129. The Virginia Tourism Authority is directed to use these funds for Tourism Promotion through cooperative advertising grants. This amendment is contingent on final passage of Senate Bill 597.)