4-36-304 - Valid license required Fees. - Tennessee Statutes

4-36-304. Valid license required Fees.

(a)  No association shall conduct a race meeting without a valid license issued under this chapter authorizing the holding of such meeting.

(b)  The license fee to be paid by an association to hold a race meeting shall be for an association that:

     (1)  Has not previously held a race meeting license issued by the commission:

          (A)  Ten thousand dollars ($10,000), to accompany the application;

          (B)  Twenty-five thousand dollars ($25,000), which shall also accompany the application, to defray the costs of background investigations required under § 4-36-302(3). The commission shall refund to the applicant any unexpended balance of the investigation fee after the conclusion of the investigation and the payment of all expenses incident thereto; and

          (C)  An amount not to exceed one thousand dollars ($1,000) for each racing day. The commission may establish a fee amount based on simulcast racing days and a separate fee amount based on live racing days;

     (2)  Held a race meeting license, issued by the commission, for the year preceding the race meeting dates applied for:

          (A)  One thousand dollars ($1,000), to accompany the application; and

          (B)  An amount not to exceed one thousand dollars ($1,000) for each racing day. The commission may establish a fee amount based on simulcast racing days and a separate fee amount based on live racing days.

(c)  Other occupational license fees shall be established by rule by the commission, but no single fee shall exceed one thousand dollars ($1,000) a year.

(d)  The commission shall establish by rule a schedule of registration fees to be paid by those owners and breeders desiring to become eligible to receive supplemental purses that are conditioned on the winning, placing or showing by Tennessee bred horses in designated races at an association's track, as authorized under § 4-36-105(f).

[Acts 1987, ch. 311, § 26; 1990, ch. 684, §§ 10, 12; 1993, ch. 248, § 3.]