From the amount withheld and retained by the dog racing franchise holder pursuant to ยง 23-111-509, the franchise holder shall set aside for the use and benefit of his or her employees for the purpose of maintaining health insurance benefits, one-half of one percent (0.5%) of all moneys wagered on live racing and on racing performances simultaneously televised by the franchise holder but conducted at another race track facility. This set-aside shall be in addition to any other credits or payments made by the dog racing franchise holder in accordance to law. Any surplus funds shall be carried forward the next calendar year and shall not be used for any other purposes. However, the amount set aside shall be applied only to the first one hundred twenty-five million dollars ($125,000,000) of the amount of moneys wagered per calendar year.
Section: Previous 23-111-503 23-111-504 23-111-505 23-111-506 23-111-508 23-111-509 23-111-510 23-111-511 23-111-512 23-111-513 23-111-514 23-111-515 23-111-516 23-111-517 NextLast modified: November 15, 2016