The bill, HB2898, introduces several amendments related to amusements and the management of funds associated with the Arizona State Fair and the State Lottery Fund. Key changes include adjusting the balance cap for the Exposition and State Fair Board Permanent Revolving Fund to $400,000 during a specified period around the annual Arizona State Fair, and reducing the annual distribution from the State Lottery Fund to the Arizona Competes Fund from $3.5 million to $1.75 million, with a restoration of the original amount set for July 1, 2027. Additionally, the bill mandates the Arizona Department of Gaming to collect a regulatory assessment from commercial racing permittees and allows first-time starter horses to race under specific conditions.

The bill also repeals certain provisions regarding the racing of first-time starter horses after December 31, 2025, and makes technical changes to existing laws. Overall, the amendments aim to streamline funding processes and regulatory measures while ensuring compliance with budgetary requirements for the fiscal year 2025.

Statutes affected:
Introduced Version: 3-1005, 5-572, 3-1003, 35-146, 35-147, 35-190
House Engrossed Version: 3-1005, 5-572, 3-1003, 35-146, 35-147, 35-190
Chaptered Version: 3-1005, 5-572, 3-1003, 35-146, 35-147, 35-190