{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/59.1-380.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/59.1-380.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/59.1-380.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/59.1-380.html"}],"law_id":59412,"edition_id":1,"section_id":59412,"structure_id":15266,"section_number":"59.1-380","catch_line":"Duration, form of owner’s license; bond","history":"1988, c. 855; 1992, c. 820; 2000, c. 1011.","full_text":"A license issued under \u00a7 59.1-378 shall be for the period set by the Commission, not to be less than twenty years, but shall be reviewed annually. The Commission shall designate on the license the duration of such license, the location of such track or satellite facility or proposed track or satellite facility and such other information as it deems proper. The Commission shall establish criteria and procedures for license renewal.\n\t\tThe Commission shall require (i) a bond with surety or (ii) a letter of credit, acceptable to the Commission, and in an amount determined by it, to be sufficient to cover any indebtedness incurred by the licensee to the Commonwealth.","order_by":null,"text":{"0":{"id":217738,"text":"A license issued under \u00a7 59.1-378 shall be for the period set by the Commission, not to be less than twenty years, but shall be reviewed annually. The Commission shall designate on the license the duration of such license, the location of such track or satellite facility or proposed track or satellite facility and such other information as it deems proper. The Commission shall establish criteria and procedures for license renewal.\n\t\tThe Commission shall require (i) a bond with surety or (ii) a letter of credit, acceptable to the Commission, and in an amount determined by it, to be sufficient to cover any indebtedness incurred by the licensee to the Commonwealth.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15266,"edition_id":1,"name":"Licenses","identifier":"2","label":"article","depth":3,"order_by":1,"parent_id":13336,"metadata":{},"date_created":"2026-06-26 03:53:26","date_modified":"2026-06-26 03:53:26","permalink":{"id":261099,"object_type":"structure","relational_id":15266,"identifier":"2","token":"59.1\/29\/2","url":"\/59.1\/29\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13336,"edition_id":1,"name":"Horse Racing and Pari-Mutuel Wagering","identifier":"29","label":"chapter","depth":2,"order_by":1,"parent_id":12809,"metadata":{},"date_created":"2026-06-26 03:44:40","date_modified":"2026-06-26 03:44:40","permalink":{"id":261047,"object_type":"structure","relational_id":13336,"identifier":"29","token":"59.1\/29","url":"\/59.1\/29\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12809,"edition_id":1,"name":"Trade and Commerce","identifier":"59.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":259521,"object_type":"structure","relational_id":12809,"identifier":"59.1","token":"59.1","url":"\/59.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58103,"structure_id":15266,"section_number":"59.1-375","catch_line":"Owner's and operator's license required","url":"\/59.1-375\/","token":"59.1\/29\/2\/59.1-375","metadata":false},{"id":62312,"structure_id":15266,"section_number":"59.1-376","catch_line":"Limited licenses; transfer of meet; taxation; authority to issue; limitations","url":"\/59.1-376\/","token":"59.1\/29\/2\/59.1-376","metadata":false},{"id":59971,"structure_id":15266,"section_number":"59.1-376.1","catch_line":"Repealed","url":"\/59.1-376.1\/","token":"59.1\/29\/2\/59.1-376.1","metadata":false},{"id":67268,"structure_id":15266,"section_number":"59.1-377","catch_line":"Application for owner's license","url":"\/59.1-377\/","token":"59.1\/29\/2\/59.1-377","metadata":false},{"id":65992,"structure_id":15266,"section_number":"59.1-378","catch_line":"Issuance of owner's license","url":"\/59.1-378\/","token":"59.1\/29\/2\/59.1-378","metadata":false},{"id":62152,"structure_id":15266,"section_number":"59.1-378.1","catch_line":"Licensing of owners or operators of certain pari-mutuel facilities","url":"\/59.1-378.1\/","token":"59.1\/29\/2\/59.1-378.1","metadata":false},{"id":66271,"structure_id":15266,"section_number":"59.1-379","catch_line":"Refusal of owner's license","url":"\/59.1-379\/","token":"59.1\/29\/2\/59.1-379","metadata":false},{"id":59412,"structure_id":15266,"section_number":"59.1-380","catch_line":"Duration, form of owner's license; bond","url":"\/59.1-380\/","token":"59.1\/29\/2\/59.1-380","metadata":false},{"id":81986,"structure_id":15266,"section_number":"59.1-381","catch_line":"Application for operator's license","url":"\/59.1-381\/","token":"59.1\/29\/2\/59.1-381","metadata":false},{"id":64933,"structure_id":15266,"section_number":"59.1-382","catch_line":"Issuance of operator's license","url":"\/59.1-382\/","token":"59.1\/29\/2\/59.1-382","metadata":false},{"id":85867,"structure_id":15266,"section_number":"59.1-383","catch_line":"Duration, form of operator's license; bond","url":"\/59.1-383\/","token":"59.1\/29\/2\/59.1-383","metadata":false},{"id":83250,"structure_id":15266,"section_number":"59.1-384","catch_line":"Denial of license final","url":"\/59.1-384\/","token":"59.1\/29\/2\/59.1-384","metadata":false},{"id":74148,"structure_id":15266,"section_number":"59.1-385","catch_line":"Suspension or revocation of license","url":"\/59.1-385\/","token":"59.1\/29\/2\/59.1-385","metadata":false},{"id":67328,"structure_id":15266,"section_number":"59.1-386","catch_line":"Acquisition of interest in licensee","url":"\/59.1-386\/","token":"59.1\/29\/2\/59.1-386","metadata":false}],"previous_section":{"id":66271,"structure_id":15266,"section_number":"59.1-379","catch_line":"Refusal of owner's license","url":"\/59.1-379\/","token":"59.1\/29\/2\/59.1-379","metadata":false},"next_section":{"id":81986,"structure_id":15266,"section_number":"59.1-381","catch_line":"Application for operator's license","url":"\/59.1-381\/","token":"59.1\/29\/2\/59.1-381","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/59.1-380\/","history_text":"

This law was first created in 1988. The record of its establishment is cataloged in chapter 855 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1988 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1992, chapter 820; in 2000, chapter 1011<\/a>.<\/p>","references":false,"refers_to":[{"id":65992,"section_number":"59.1-378","catch_line":"Issuance of owner's license","order_by":null,"url":"\/59.1-378\/"}],"permalink":{"id":261129,"object_type":"law","relational_id":59412,"identifier":"59.1-380","token":"59.1\/29\/2\/59.1-380","url":"\/59.1-380\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/59.1-380\/","token":"59.1\/29\/2\/59.1-380","dublin_core":{"Title":"Duration, form of owner’s license; bond","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-380","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A license issued under \u00a7 59.1-378<\/a> shall be for the period set by the Commission<\/span>, not to be less than twenty years, but shall be reviewed annually. The Commission<\/span> shall designate on the license the duration of such license, the location of such track or satellite facility<\/span> or proposed track or satellite facility<\/span> and such other information as it deems proper. The Commission<\/span> shall establish criteria and procedures for license renewal.\n\t\tThe Commission<\/span> shall require (i) a bond<\/span> with surety<\/span> or (ii) a letter of credit, acceptable to the Commission<\/span>, and in an amount determined by it, to be sufficient to cover any indebtedness incurred by the licensee<\/span> to the Commonwealth.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDURATION, FORM OF OWNER’S LICENSE; BOND (\u00a7 59.1-380)\n\nA license issued under \u00a7 59.1-378 shall be for the period set by the\nCommission, not to be less than twenty years, but shall be reviewed annually.\nThe Commission shall designate on the license the duration of such license, the\nlocation of such track or satellite facility or proposed track or satellite\nfacility and such other information as it deems proper. The Commission shall\nestablish criteria and procedures for license renewal.\n\t\tThe Commission shall require (i) a bond with surety or (ii) a letter of\ncredit, acceptable to the Commission, and in an amount determined by it, to be\nsufficient to cover any indebtedness incurred by the licensee to the\nCommonwealth.\n\nHISTORY: 1988, c. 855; 1992, c. 820; 2000, c. 1011.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}