Georgia discussing for horse racetrack owners surety bond requirement

racetrack owners

On November 15, 2012, Rep. Harry Geisinger prefiled HB 4 in hopes of further regulating Georgia’s horse racing industry.

If HB 4 were enacted, it would — among other stipulations — establish licensing rules that would require racetrack owners and operators to provide a Georgia surety bond or letter or credit for financial security. A new horse racing commission, which would also be established by HB 4, would determine bond amounts that could be used to cover indebtedness incurred by licensees to the state.

No further action has been taken on HB 4 since it was prefiled, so check back with the Surety Bond Insider for updates.

Sign Up for Surety News!