Florida Statute 550.2614 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS

Chapter 550
PARI-MUTUEL WAGERING

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F.S. 550.2614

550.2614 Distribution of certain funds to a horsemen’s association.—

(1) Each licensee that holds a permit for thoroughbred horse racing in this state shall deduct from the purses required by s. 550.2625, an amount of money equal to 1 percent of the total purse pool and shall pay that amount to a horsemen’s association representing the majority of the thoroughbred racehorse owners and trainers for its use in accordance with the stated goals of its articles of association filed with the Department of State.

(2) The funds are payable to the horsemen’s association only upon presentation of a sworn statement by the officers of the association that the horsemen’s association represents a majority of the owners and trainers of thoroughbred horses stabled in the state.

(3) Upon receiving a state license, each thoroughbred owner and trainer shall receive automatic membership in the horsemen’s association as defined in subsection (1) and be counted on the membership rolls of that association, unless, within 30 calendar days after receipt of license from the state, the individual declines membership in writing, to the association as defined in subsection (1).

(4) The commission shall adopt rules to facilitate the orderly transfer of funds in accordance with this section. The commission shall also monitor the membership rolls of the horsemen’s association to ensure that complete, accurate, and timely listings are maintained for the purposes specified in this section.

History.—s. 30, ch. 92-348; s. 9, ch. 95-390; s. 31, ch. 97-98; s. 28, ch. 2022-7.

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Amendments to 550.2614

Arrestable Offenses / Crimes under Fla. Stat. 550.2614

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 550.2614.

Annotations, Discussions, Cases:

Cases Citing Statute 550.2614

Total Results: 1

Florida Horsemen Benevolent & Protective Ass'n v. Rudder

Court: Fla. Dist. Ct. App. | Date Filed: 1999-07-22T00:00:00-07:00

Citation: 738 So. 2d 449, 1999 Fla. App. LEXIS 9911, 1999 WL 516253

Snippet: ., CONCUR. Section 550.2614, Florida Statutes, in its entirety reads: 550.2614 Distribution of certain…challenges a final summary judgment declaring section 550.2614, Florida Statutes, unconstitutional as an unlawful…hereinafter “the division”] seeking to have section 550.2614 declared unconstitutional and to enjoin the division…division from enforcing the statute. Section 550.2614 * provides that each race track shall deduct one… thoroughbred racehorse owners and trainers. § 550.2614(1), Fla. Stat. [hereinafter “the one percent provision