Kan. Admin. Regs. § 112-9-7

Current through Register Vol. 43, No. 49, December 5, 2024

Section 112-9-7 - Uncashed tickets

(a) Each organization licensee shall carry on its books an account that shows the total amount due on outstanding uncashed mutuel tickets. Each winning ticket remaining unpaid at the close of each performance shall be entered in a book known as the "outsbook" at the actual price paid to the public. A record of all unpaid parimutuel tickets shall be prepared and forwarded to the commission within 61 days after the close of the race meeting. Each unclaimed ticket cashed after the close of the season shall bear the date it was paid, check number and the amount paid.

(b) when outsbooks are compiled by data processing systems or computerized totalisator equipment, the following minimum requirements shall apply:

(1) All printed outs summaries and printed outs ledger sheets shall be placed in a separate binder in chronological order. Each organization licensee shall safeguard these records; and

(2) the daily outs summary printout shall include for each previous performance:

(A) The performance number;

(B) the number and amount of tickets outstanding before the current performance;

(C) the number and amount of tickets cashed during the current performance; and

(D) the remaining number and amount of uncashed tickets at the close of the current perform-ance.

(c) Before the close of the next business day after each performance, each organization licensee shall deliver to the commission office a copy of the totalisator company report showing the daily accumulation of the outs.

(d) Each organization licensee shall safeguard all records pertaining to parimutuel operations including all cash winning parimutuel tickets and admission records, for as long as the commission requires. The records shall not be destroyed without written permission of the commission.

Kan. Admin. Regs. § 112-9-7

Authorized by K.S.A. 1988 Supp. 74-8804(p); implementing K.S.A. 1988 Supp. 74-8804(c) and 74-8804(p); effective, T-112-3-31-89, March 31, 1989; effective June 26, 1989; amended March 19, 1990.