From the amount withheld and retained by the dog racing franchise holder pursuant to § 23-111-509, the franchise holder shall set aside for the use and benefit of his or her employees for the purpose of maintaining health insurance benefits, one-half of one percent (0.5%) of all moneys wagered on live racing and on racing performances simultaneously televised by the franchise holder but conducted at another race track facility. This set-aside shall be in addition to any other credits or payments made by the dog racing franchise holder in accordance to law. Any surplus funds shall be carried forward the next calendar year and shall not be used for any other purposes. However, the amount set aside shall be applied only to the first one hundred twenty-five million dollars ($125,000,000) of the amount of moneys wagered per calendar year.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 4 - Miscellaneous Regulated Industries
Chapter 111 - Arkansas Greyhound Racing Law
Subchapter 5 - Conduct of Meets
§ 23-111-501. Accordance with franchise required
§ 23-111-502. Racing days and hours generally
§ 23-111-505. Additional racing days for benefit of indigent patients, etc
§ 23-111-506. Application for license to conduct meet — Issuance
§ 23-111-509. Disposition of wagering money
§ 23-111-511. Record keeping by franchise holder — Audit
§ 23-111-512. Commission's access to meets, books, records, etc
§ 23-111-513. Failure to pay tax
§ 23-111-514. Franchise holder required to give bond
§ 23-111-515. Additional racing days for the benefit of small municipalities and community colleges
§ 23-111-516. Health insurance
§ 23-111-517. Disposition of pari-mutuel tax revenue
§ 23-111-518. Legislative intent — Definitions — Payable winnings agreements