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Can you summarize ALCA 11-65-22?
HORSE RACING AND GREYHOUND RACING IN CLASS 1 MUNICIPALITIES. > Acquisition of interest in horse racing facility licensee or operator.
Short Summary
This legal document governs the acquisition or holding of an interest in a horse racing facility licensee or operator. It prohibits disqualified persons from acquiring or holding such an interest. The document outlines the process for requiring a disqualified person to dispose of their interest, including a hearing and an opportunity to be heard. It also requires persons desiring to acquire an ownership interest in a horse racing facility licensee or operator to apply for approval from the commission. The commission may deny the application if the person is deemed a disqualified person or if the acquisition would be detrimental to the public interest or the integrity of horse racing. The document further establishes the role of the district attorney in investigating and enforcing compliance with the prohibition on disqualified persons holding an interest. It also includes provisions regarding employment restrictions and ownership interests for members of the Legislature and elected officials. The document does not specify any penalties for non-compliance or violations.
Whom does it apply to?
Disqualified persons, persons desiring to acquire an ownership interest in a horse racing facility licensee or operator
What does it govern?
Acquisition or holding of an interest in a horse racing facility licensee or operator
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Alabama