This act, if passed, will prohibit an applicant from holding more than one racing license, unless that applicant wishes to acquire a license from another licensee to transfer the location and sells of assets and liabilities of the other licensee. The act would amend the KRS 230.280.
Keywords: KRS, KRS 230.280
KRS: Kentucky Revised Statute
KRS 230.280: In order to have a race, both parties must have a license and fit certain qualifications.
*See http://www.lrc.ky.gov/statutes/statute.aspx?id=10840 for more information