The bill SB1736 makes several changes to existing laws related to amusements to implement the FY 2025 state budget. It amends the balance cap for the Exposition and State Fair Board Permanent Revolving Fund, allowing it to increase to $400,000 during a period starting 15 days before and ending 15 days after the annual Arizona State Fair, instead of the previous period between October 1 and November 30. Additionally, the bill decreases the annual distribution from the State Lottery Fund to the Arizona Competes Fund from $3,500,000 to $1,750,000, with a restoration of the original amount effective July 1, 2027.
The bill also requires the Arizona Department of Gaming (ADG) to collect a regulatory assessment of 0.5 percent from commercial racing permittees on amounts wagered on live and simulcast races for FY 2025. For race meetings in 2024 and 2025, the ADG is authorized to allow first-time starter horses to race with gate approval and at least two timed workouts, one of which must be an out-of-the-gate workout conducted within 60 days of the race. This authorization is set to be repealed on January 1, 2026. The bill includes technical changes and becomes effective on the general effective date, with some provisions having delayed effective dates.
Statutes affected: Introduced Version: 3-1005, 5-572, 3-1003, 35-146, 35-147, 35-190
Senate Engrossed Version: 3-1005, 5-572, 3-1003, 35-146, 35-147, 35-190