(1) It is the public policy of the state, while protecting the interest of the owners, to possess all unclaimed and abandoned interest in or contribution to certain pari-mutuel pools conducted in this state under this chapter, for the benefit of all the people of the state; and this law shall be liberally construed to accomplish such purpose.
(2) Except as otherwise provided in this chapter, all money or other property represented by any unclaimed, uncashed, or abandoned pari-mutuel ticket which has remained in the custody of or under the control of any licensee authorized to conduct pari-mutuel pools in this state for a period of 1 year after the date the pari-mutuel ticket was issued, if the rightful owner or owners thereof have made no claim or demand for such money or other property within the aforesaid period of time, is hereby declared to have escheated to or to escheat to, and to have become the property of, the state.
(3) All money or other property that has escheated to and become the property of the state as provided herein, and which is held by such licensee authorized to conduct pari-mutuel pools in this state, shall be paid by such licensee to the Chief Financial Officer annually within 60 days after the close of the race meeting of the licensee. Such moneys so paid by the licensee to the Chief Financial Officer shall be deposited in the State School Fund to be used for the support and maintenance of public free schools as required by s. 6, Art. IX of the State Constitution.
History.—s. 22, ch. 92-348; s. 11, ch. 2000-354; s. 657, ch. 2003-261.
Structure Florida Statutes
Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations
Chapter 550 - Pari-Mutuel Wagering
550.0115 - Permitholder Operating License.
550.01215 - License Application; Periods of Operation; License Fees; Bond.
550.0235 - Limitation of Civil Liability.
550.0251 - Powers and Duties of the Florida Gaming Control Commission.
550.0351 - Charity Racing Days.
550.0425 - Minors Attendance at Pari-Mutuel Performances; Restrictions.
550.054 - Application for Permit to Conduct Pari-Mutuel Wagering.
550.0555 - Greyhound Dogracing Permits; Relocation Within a County; Conditions.
550.0651 - Elections for Ratification of Permits; Municipal Prohibitions.
550.0745 - Summer Jai Alai Permit Periods of Operation.
550.0951 - Payment of Daily License Fee and Taxes; Penalties.
550.09511 - Jai Alai Taxes; Abandoned Interest in a Permit for Nonpayment of Taxes.
550.09512 - Harness Horse Taxes; Abandoned Interest in a Permit for Nonpayment of Taxes.
550.09514 - Greyhound Dogracing Taxes; Purse Requirements.
550.09515 - Thoroughbred Horse Taxes; Abandoned Interest in a Permit for Nonpayment of Taxes.
550.125 - Uniform Reporting System; Bond Requirement.
550.135 - Division of Moneys Derived Under This Law.
550.1645 - Escheat to State of Abandoned Interest in or Contribution to Pari-Mutuel Pools.
550.1646 - Credit for Unclaimed Property Remitted to State.
550.1647 - Greyhound Permitholders; Unclaimed Tickets; Breaks.
550.175 - Petition for Election to Revoke Permit.
550.2415 - Racing of Animals Under Certain Conditions Prohibited; Penalties; Exceptions.
550.255 - Penalty for Conducting Unauthorized Race Meeting.
550.2614 - Distribution of Certain Funds to a Horsemen’s Association.
550.2625 - Horseracing; Minimum Purse Requirement, Florida Breeders’ and Owners’ Awards.
550.2633 - Horseracing; Distribution of Abandoned Interest in or Contributions to Pari-Mutuel Pools.
550.2704 - Jai Alai Tournament of Champions Meet.
550.334 - Quarter Horse Racing; Substitutions.
550.3345 - Conversion of Quarter Horse Permit to a Limited Thoroughbred Permit.
550.3355 - Harness Track Licenses for Summer Quarter Horse Racing.
550.3551 - Transmission of Racing and Jai Alai Information; Commingling of Pari-Mutuel Pools.
550.3616 - Racing Greyhounds or Other Dogs Prohibited; Penalty.
550.375 - Operation of Certain Harness Tracks.
550.475 - Lease of Pari-Mutuel Facilities by Pari-Mutuel Permitholders.
550.495 - Totalisator Licensing.
550.505 - Nonwagering Permits.
550.5251 - Florida Thoroughbred Racing; Certain Permits; Operating Days.
550.615 - Intertrack Wagering.
550.625 - Intertrack Wagering; Purses; Breeders’ Awards.
550.6305 - Intertrack Wagering; Guest Track Payments; Accounting Rules.
550.6308 - Limited Intertrack Wagering License.
550.6315 - Applicability of S. 565.02(5) to Guest Tracks.
550.6325 - Uncashed Tickets and Breakage Tax.
550.6345 - Intertrack Wagering; Purses When Host Track Is Harness Racetrack.
550.71 - Operation of Ch. 96-364.
550.901 - Interstate Compact on Licensure of Participants in Pari-Mutuel Wagering.
550.903 - Definitions; Interstate Compact on Licensure of Participants in Pari-Mutuel Wagering.
550.905 - States Eligible to Join Compact.
550.906 - Withdrawal From Compact; Impact on Force and Effect.
550.908 - Powers and Duties of Compact Committee.
550.909 - Voting Requirements.
550.910 - Administration and Management.
550.911 - Immunity From Liability for Performance of Official Responsibilities and Duties.