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Committee approves transfer of South Dakota bred racing funds to support Fort Pierre live racing
Summary
The Senate Appropriations Committee voted to send HB 1057 to the floor, approving a one-time transfer from the South Dakota bred racing fund to the special racing revolving fund to provide operational flexibility for Fort Pierre horse racing this fall.
The Senate Appropriations Committee voted to send House Bill 1057 to the floor after testimony that the bill would allow the Fort Pierre live horse-racing meet to access restricted funds.
Proponents said the bill would move money currently restricted to incentivizing South Dakota-bred horses into a revolving fund that the state Gaming Commission can use to pay operational costs and purses for open races. "If this transfer is allowed, I would invite you all to the horse races in Fort Pierre this fall to enjoy that event," Shane Cramey, lobbyist for the South Dakota Horsemen's Association and general manager of Fort Pierre Horse Racing, told the…
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