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SR 1025 - General Assembly; authorize to provide by law for pari-mutuel wagering on horse racing; net proceeds; educational purposes - CA

Tracking Level: Monitor
Sponsor: Ramsey, Sr.,Ronald 43rd
Last Action: 2/23/2012 - Senate Read and Referred
Senate Committee: ECD

Staff Analysis of the Legislation

            This resolution calls for an amendment to the Constitution for the General Assembly to provide by law for pari-mutuel betting with the net proceeds to be used solely for educational programs and purposes. The proceeds would be kept in a separate account, and the Governor would make recommendations as to the programs and purposes for which the funds would be appropriated, specifically to include:

  1. ·         Scholarships to attend colleges and universities, public and private, and technical colleges;
  2. ·         Voluntary pre-kindergarten;
  3. ·         Educational shortfall reserves of not less than 10% of net proceeds from the previous fiscal year;
  4. ·         Training for teachers K-16 in use and application of instructional technology;
  5. ·         Capital outlay projects for educational facilities

However, the first three items would be priority before funding the last two

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