summary
Introduced
01/21/2025
01/21/2025
In Committee
01/24/2025
01/24/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act changes the uses of certain moneys that the ORC receives from racing hubs. (Flesch Readability Score: 73.1). Modifies the uses for certain moneys received by the Oregon Racing Commission from Multi- Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs. Requires entities that re- ceive distributions of such moneys to expend the moneys and report on the expenditures within a certain time period. Provides for clawback if a recipient fails to expend the moneys or report on expenditures. Provides that moneys that are clawed back be deposited in a fund for horse and jockey safety. Provides that certain moneys that the commission does not expend within a fiscal biennium are deposited in the fund.
AI Summary
This bill modifies the allocation and use of funds received by the Oregon Racing Commission (ORC) from Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs, which are specialized racing and betting systems. The bill restructures how the commission distributes these funds, now requiring that 10% be retained by the commission for operating expenses and safety initiatives, 15% be equally distributed to three horse racing associations, and 75% be distributed to support the Oregon pari-mutuel racing industry. Importantly, the bill introduces new accountability measures: recipients of these funds must expend the money and provide a detailed report within 24 months, or they will be required to return unexpended funds to the commission. Any returned or unexpended funds will be deposited into a newly established Horse Racing Safety Fund, which is dedicated to horse and jockey safety initiatives. The bill also mandates that any moneys retained by the commission that are not spent within the fiscal biennium must also be transferred to this safety fund. These changes aim to increase transparency and ensure that racing-related funds are used effectively and in support of the horse racing industry's safety and sustainability.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to Commerce and Consumer Protection. (on 01/24/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3332 |
| Open Government Impact Statement for HB3332 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/85199 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB3332/Introduced |
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