Copyright (c) Queen's Printer, Victoria, British Columbia, Canada | Licence Disclaimer |
This is part of an archived statute consolidation that is current to November 5, 2001 and includes changes enacted and in force by that date. |
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SECTION | EFFECTIVE DATE | ||
2 | April 1, 2000 | ||
7 | April 1, 2000 |
Section 2(2) to (4) BEFORE amended by 2000-25-11 effective April 1, 2000 [retro from December 18, 2000 (BC Reg 414/00) per 2000-25-15(3)].
(2) Without an appropriation other than this section, if tax is collected by the government in accordance with subsection (1) on a bet made in British Columbia by a person in respect of a race, the minister must pay to the commission in accordance with the regulations
(a) 4% of the amount of money deposited by that person with the operator at the time of making the bet, and
(b) in addition to the amount paid under paragraph (a),
(i) if the race on which the bet is made is run outside of British Columbia, 2% of the amount of money deposited by that person with the operator at the time of making the bet, or
(ii) if the bet is made at a betting theatre licensed under section 4 (1) (d) of the Horse Racing Act in respect of a race that is run inside British Columbia, 1% of the amount of money deposited by that person with the operator at the time of making the bet.
(3) The money paid to the commission under subsection (2) (a) must be used by the commission for the following purposes:
(a) to improve horse racing in British Columbia by means of
(i) supplementing purses awarded to owners of horses bred, born and raised in British Columbia,
(ii) maintaining a breeders' incentive fund, and
(iii) making grants for
(A) the operation of breeder societies in British Columbia,
(B) the establishment or the improvement of horse racing facilities in British Columbia,
(C) the covering of costs of feasibility studies and research, and the assessment of either or both of them, and any other similar costs for purposes of the establishment or improvement of facilities referred to in clause (B),
(D) the operation of race courses and horse racing meets in British Columbia, and
(E) equine health research;
(b) to meet the costs of operation of the commission.
(4) The money paid to the commission under subsection (2) (b) must be used by the commission to improve horse racing in British Columbia by means of making grants for the following purposes:
(a) the establishment or the improvement of horse racing facilities in British Columbia;
(b) the covering of costs of feasibility studies and research, and the assessment of either or both of them, and any other similar costs for purposes of the establishment or improvement of facilities referred to in paragraph (a).
Section 7(2)(c) BEFORE changes were made by 2000-25-12 effective April 1, 2000 [retro from December 18, 2000 (BC Reg 414/00) per 2000-25-15(3)].
(c) establishing a formula or other program for the disbursement by the minister to the commission of the money referred to in section 2 (2) for the purposes referred to in section 2 (3) or (4).
Section7(2)(d) was added by 2000-25-12 effective April 1, 2000 [retro from December 18, 2000 (BC Reg 414/00) per 2000-25-15(3)].
Copyright (c) 2001: Queen’s Printer, Victoria, British Columbia, Canada