71 Ind. Admin. Code 6-4-3

Current through September 4, 2024

Section 71 IAC 6-4-3 - Requirements of sponsors and presenters

Authority: IC 4-31-3-9

Affected: IC 4-31

Sec. 3.

(a) Sponsors or presenters of stakes, futurities, or early closing events shall provide a list of nominations to each nominator or owner and to the associations concerned within sixty (60) days after the date on which nominations close, other than for nominations payable prior to January 1 of a horse's two (2) year-old year.

(b) In the case of nominations for futurities payable during the foaling year, such lists must be forwarded out prior to October 15 of that year and, in the case of nominations payable in the yearling year, such lists must be forwarded out not later than September 1 of that year.

(c) Sponsors or presenters of stakes, futurities, or early closing events shall also provide a list of horses remaining eligible to each owner of an eligible within forty-five (45) days after the date on which sustaining payments are payable. All lists shall include a resume of the current financial status of the event.

(d) The commission may require the sponsor or presenter to file with the commission a surety bond in the amount of the fund to ensure faithful performance of the conditions, including a guarantee that the event will be raced as advertised, all funds will be segregated, and all premiums paid. Commission consent must be obtained to transfer or change the date of the event or to alter the conditions. In any instance where a sponsor or presenter furnishes the commission with substantial evidence of financial responsibility satisfactory to the commission, such evidence may be accepted in lieu of a surety bond.

71 IAC 6-4-3

Indiana Horse Racing Commission; 71 IAC 6-4-3; emergency rule filed Aug 10, 1994, 3:30 p.m.: 17 IR 2910; 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-071130345RFA

Readopted filed 8/28/2019, 1:23 p.m.: 20190925-IR-071190319RFA

Readopted filed 8/3/2023, 12:49 p.m.: 20230830-IR-071230428RFA