(1) The Oregon Racing Commission may require an exchange wagering licensee to:

lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Oregon Statutes 462.334

  • Commission: means the Oregon Racing Commission. See Oregon Statutes 462.010
  • Licensee: means a person, partnership, corporation, political subdivision, municipal corporation or any other body holding a license under this chapter. See Oregon Statutes 462.010
  • State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100

(a) Pay a fee to the commission of not more than two percent of the exchange wagering licensee’s exchange revenue; and

(b) Pay a portion of the exchange wagering licensee’s exchange revenues as may be required by ORS § 462.307.

(2) Moneys collected under this section shall be deposited in the General Fund in the State Treasury to the credit of the Oregon Racing Commission Account. [2019 c.313 § 13]

 

  Previous section
Next section  
 Exchange Wagering Contents