Ill. Admin. Code tit. 11 § 434.20

Current through Register Vol. 48, No. 45, November 8, 2024

Section 434.20 - Removal of the Outs Account

a) The organization licensee shall notify in writing the State Director of Mutuels at least three week days prior to the day and time that the outs liability account is to be removed from the totalizator system.

b) The outs book shall include:

1) the date of the race;

2) the number of each winning entry;

3) the denominations of each outstanding ticket;

4) the pay-offs; and

5) the unique computer generated serial number of each outstanding ticket in accordance with 11 Ill. Adm. Code 433.260.

c) Only two sets of outs books shall be printed at the time the outs liability account is removed from the computer system. No subsequent sets of the outs book shall be printed without written approval by the Board requested in compliance with 11 Ill. Adm. Code 206.10 (written request must be made 15 days in advance of the Board meeting at which the request is to be heard). Approval shall be given for good cause shown, e.g., when an original has been destroyed.

d) A copy of the magnetic tape used to generate the outs books shall be provided to the Board.

Ill. Admin. Code tit. 11, § 434.20

Amended at 16 Ill. Reg. 17761, effective November 5, 1992