Revision: May 30, 2024, 3:51 p.m.
SB 473-FN - VERSION ADOPTED BY BOTH BODIES
2May2024... 1332h
2024 SESSION
24-3068
11/05
SENATE BILL 473-FN
AN ACT governing unclaimed horse racing ticket and voucher money.
SPONSORS: Sen. Lang, Dist 2; Sen. Gannon, Dist 23; Sen. Carson, Dist 14; Sen. Pearl, Dist 17
COMMITTEE: Ways and Means
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ANALYSIS
This bill governs the process for and designation of unclaimed horse racing ticket and voucher money.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
2May2024... 1332h 24-3068
11/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
AN ACT governing unclaimed horse racing ticket and voucher money.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Unclaimed Ticket Money. Amend RSA 284:31 to read as follows:
284:31 Unclaimed Ticket Money.
I. [On or before January 31 of each year every] Every person, association, or corporation conducting a race or race meet, whether live racing, simulcast racing, or historic horse racing hereunder shall pay to the state treasurer all moneys collected during the previous year of pari-mutuel pool tickets and vouchers which have not been redeemed. [The books or records of said person, association, or corporation, which clearly show the tickets entitled to reimbursement in any given race, live, simulcast, or historic, shall be forwarded to the lottery commission.] Such moneys shall become a part of the special fund established in RSA 284:21-j. The state treasurer shall pay the amount due on any ticket or voucher to the holder thereof from funds not otherwise appropriated upon an order from the lottery commission. Pari-mutuel tickets and vouchers which remain unclaimed after [11] 12 months shall not be paid. [Vouchers shall be remitted to the state treasurer on January 31 of the calendar year, 24 months after the year of the unclaimed voucher.] On or before July 1 of every year, said person, association or corporation shall submit to the treasurer a check for any unclaimed money during the previous fiscal year, along with a gaming operator's written report for the previous fiscal year's unclaimed money, which shall itemize both the unclaimed tickets and vouchers and the unclaimed amounts therefrom. A copy of the report shall be forwarded to the lottery commission. For the first biennial year after the effective date of this section, the report shall cover both years of the previous biennium.
2 Effective Date. This act shall take effect 60 days after its passage.
24-3068
Amended 5/29/24
SB 473-FN- FISCAL NOTE
AS AMENDED BY THE HOUSE (AMENDMENT #2024-1332h)
AN ACT governing unclaimed horse racing ticket and voucher money.
FISCAL IMPACT: [ ] State [ ] County [ ] Local [ X ] None
METHODOLOGY:
This bill clarifies and simplifies the process for reporting of unclaimed racing tickets and vouchers, including vouchers related to historic horse racing. Specifically, it changes the timeframe for the submittal of unclaimed funds and eliminates the time period in which the state must pay out any unclaimed tickets and vouchers. This bill does not change the amount of money that will be received related to unclaimed tickets and vouchers, and therefore no fiscal impact is anticipated.
AGENCIES CONTACTED:
Lottery Commission