205 Mass. Reg. 11.03
Current through Register 1523, June 7, 2024
The amount credited to each licensee shall be based on a formula established by the commission and, in no instance, shall the amount paid to the purse account of each licensee be less than $400,000 unless the commission collects insufficient funds to make such minimum payment to all licensees.
Should the commission deem that sufficient funds are available, the commission may distribute $100,000 as a quarterly minimum payment to the purse account of each licensee, upon authorization of the commissioners, for the quarters ended March, June, September, and December.
205 CMR 11.03