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Can you summarize ALCA 11-65-15?
HORSE RACING AND GREYHOUND RACING IN CLASS 1 MUNICIPALITIES. > Application for horse racing facility license.
Short Summary
This legal document governs the application process for obtaining a horse racing facility license. It applies to any person seeking to obtain a license through issuance or transfer. The application must be filed with the appropriate commission and include various information such as the applicant’s name and address, details of the corporation or partnership, information about stockholders or members, financial interests, and lending agreements. The commission may also require information about the character and responsibility of the applicant, as well as details about the location and description of the horse racing facility. The applicant’s financial responsibility is also considered. If the facility is to be leased or made available to others, the terms of such arrangements must be provided. The commission has discretion to request any other relevant information. The application must be verified and accompanied by a nonrefundable fee of $15,000.00, which can be reduced to $5,000.00 for holders of an operator’s license or simultaneous submission of an application for an operator’s license.
Whom does it apply to?
Any person desiring to obtain a horse racing facility license through issuance or transfer
What does it govern?
Horse racing facility license
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Nonrefundable fee of $15,000.00, reduced to $5,000.00 for holders of an operator's license or simultaneous submission of an application for an operator's license
Jurisdiction
Alabama