This bill amends existing legislation regarding the disposition of pari-mutuel funds in Wyoming. It requires that an amount equal to one percent (1%) of the total amount wagered on historic pari-mutuel events and simulcasting be credited to the state highway fund. Additionally, it modifies the reporting requirements for permittees by mandating that they complete all necessary reports, including the new requirement to pay the specified amount to the state highway fund. The previous provision that allowed counties, cities, or towns to credit their share of the pari-mutuel funds to the state fair account has been retained, but the language has been updated to reflect the new payment structure.

Furthermore, the bill clarifies that all sums paid to the commission, except for certain contributions and fines, will be credited to the pari-mutuel account, which is used for enforcing the act. It establishes a process for transferring excess funds from this account to the legislative stabilization reserve account and outlines the auditing requirements for the commission's financial activities. The act is set to take effect on July 1, 2026.

Statutes affected:
26LSO-0131 v0.4: 11-25-201