Posted: | February 6, 2013 10:36 AM |
---|---|
From: | Senator John C. Rafferty, Jr. and Sen. Mike Brubaker, Sen. Charles T. McIlhinney, Jr. |
To: | All Senate members |
Subject: | Protection of Race Horse Development Fund |
In the very near future, we will be introducing legislation which will amend Title 4 to protect revenue which is dedicated to the Pennsylvania Race Horse Development Fund. It is our intent to preserve the revenues within this fund by removing the current language which transfers a percentage of the weekly revenue to the General Fund and also adding a subsection that prohibits future modification of the formula for the next 8 years. These changes will maintain the original intent of the law with respect to the dedication of revenue to the Pennsylvania Race Horse Development Fund. If you have any questions regarding this legislation, please contact Sean Moll at (717) 783-1092. |
Introduced as SB929