Section 71 IAC 1.5-1-85 - "Purse" definedAuthority: IC 4-31-3-9
Affected: IC 4-31
Sec. 85.
"Purse" means the total cash amount for which a race is contested, provided that the total cash amount for purses may be reduced by any direct remittance by an association to a horsemen's association, subject to the following:
(1) The approval by the commission of the horsemen's contract pursuant to 71 IAC 11-1-12.(2) Any accounting and disbursement preapproval requirements which the commission may require of the horsemen's association.Indiana Horse Racing Commission; 71 IAC 1.5-1-85; emergency rule filed Jun 15, 1995, 5:00 p.m.: 18 IR 2822, eff Jul 1, 1995; readopted filed Oct 30, 2001, 11:50 a.m.: 25 IR 899; readopted filed Mar 23, 2007, 11:31 a.m.: 20070404-IR-071070030RFA; readopted filed November 26, 2013, 11:25 a.m.: 20131225-IR-071130345RFAReadopted filed 8/28/2019, 1:23 p.m.: 20190925-IR-071190319RFAReadopted filed 9/18/2024, 12:40 p.m.: 20241016-IR-071230796RFA