71 Ind. Admin. Code 9-2.2-6

Current through October 23, 2024

Section 71 IAC 9-2.2-6 - Contract with permit holder

Authority: IC 4-31-7.5-11

Affected: IC 4-31-7.5-10

Sec. 6.

(a) A licensed SPMO may accept advance deposit wagers for races conducted within or outside Indiana. Advance deposit wagers made under this chapter are considered to have been made in Indiana.

(b) A licensed SPMO must have a single written contract signed by each permit holder. The contract must be approved by the commission. The contract must:

(1) specify the manner in which the amount of the source market fee is determined for each permit holder;

(2) govern all other aspects of the business relationship between the licensed SPMO and each permit holder; and

(3) contain a provision reserving all rights of horsemen's associations under the federal Interstate Horse Racing Act (15 U.S.C. 3001 et seq.).

71 IAC 9-2.2-6

Indiana Horse Racing Commission; 71 IAC 9-2.2-6; emergency rule filed Aug 29, 2018, 11:12 a.m.: 20180905-IR-071180370ERA

Readopted filed 7/6/2023, 1:50 p.m.: 20230802-IR-071230371RFA

NOTE: Agency cited as 71 IAC 9-2.1-6, which was renumbered by the Publisher as 71 IAC 9-2.2-6.