CHAPTER 246
AN ACT TO AMEND CHAPTER 3, TITLE 28, DELAWARE CODE, ENTITLED "HORSE RACING" AND CHAPTER 5, TITLE 28, DELAWARE CODE, RELATING TO HARNESS RACING BY PROVIDING FOR THE DISPOSITION OF OUTSTANDING PARI-MUTUEL TICKETS NOT CLAIMED WITHIN A PERIOD OF ONE YEAR FOLLOWING THE MEET.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Chapter 3, Title 28, Delaware Code, is hereby amended by adding a new Section 368 which shall read as follows:
§ 368. Disposition monies for unclaimed pari-mutuel tickets
All sums held by any licensee for payment of outstanding pari-mutuel tickets not claimed by the person or persons entitled thereto within a period of one year following the last day of the meet shall be paid by certified check to the Commission. If the Commission finds such payment correct it shall transmit the check to the State Treasurer.
Section 2. Chapter 5, Title 28, Delaware Code, is hereby amended by adding a new Section 558 which shall read as follows:
§ 558. Disposition monies for unclaimed pari-mutuel tickets
All sums held by any licensee for payment of outstanding pari-mutuel tickets not claimed by the person or persons entitled thereto within a period of one year following the last day of the meet shall be paid by certified check to the Commission. If the Commission finds such payment correct it shall transmit the check to the State Treasurer.
Section 3. The provisions of this Act shall affect only those sums arising as a result of pari-mutuel tickets sold subsequent to the effective date of this Act.
Section 4. The provisions of this Act shall affect only licensees whose total contributions to all pari-mutuel and totalizator pools in any one calendar year shall exceed the sum of Four Million Dollars ($4,000,000).
Approved December 21, 1961.