S0711B1460A04275     BIL:CDM  10/04/09     #90        A04275

  

  

  

  

AMENDMENTS TO SENATE BILL NO. 711

Printer's No. 1460

  

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Amend Bill, page 159, line 9, by inserting after "1406(a)"

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and (e)

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Amend Bill, page 174, by inserting between lines 21 and 22

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(e)  Filing of audit.--All horsemen's organizations that

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receive funds under this section shall file annually with the

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appropriate commission and the board an audit prepared by a

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certified public accountant of all funds received. Such filings

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shall be open to public review. The horsemen's organizations

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shall maintain adequate records concerning receipt and

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distribution of funds allocated to them. All distributions under

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this section, except for those for health and pension benefits

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for the members of horsemen's organizations, shall be suspended

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for any horsemen's organization that has not filed an audit as

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required under this subsection within six months of the end of

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the horsemen's organization's fiscal year. Any such

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distributions suspended are appropriated to the Department of

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Agriculture.

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