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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
Assigned To:
Finance - Capital OutlayNext Bill
Finance - FundingNext Bill
PersonnelNext Bill
Student MattersNext Bill

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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