Mo. Code Regs. tit. 11 § 45-55.070

Current through Register Vol. 49, No.12, June 17, 2024

Section 11 CSR 45-55.070 - Expenditures From Fund

PURPOSE: This rule sets forth the guidelines for the expenditures from the breeder's fund.

(1) All payments from the fund shall be made by order of the commission.

(2) Payments from the fund shall be disbursed to the following:

(A) To owners of registered Missouri-bred horses that finish fourth or better in races run in the state;

(B) To breeders of registered Missouri-bred horses that finish fourth or better in races run in the state;

(C) To owners of registered stallions that sire Missouri-bred horses that finish fourth or better in races run in the state;

(D) For purse supplements for stake races run in this state and restricted to Missouri-bred horses;

(E) For administration of the fund; and

(F) For promotion of the fund.

(3) In the event the total amount received exceeds the amount expended in any year, the unexpended amount(s) shall be carried forward for disbursement in subsequent years.

11 CSR 45-55.070

AUTHORITY: sections 313.540 and 313.710, RSMo 1986 and 313.720, RSMo Supp. 1990.* This rule originally filed as 12 CSR 50-15.070. Original rule filed June 14, 1991, effective Oct. 31, 1991. Moved to 11 CSR 4555.070, effective Aug. 28, 1995.

*Original authority: 313.540, RSMo 1986; 313.710, RSMo 1986; 313.720, RSMo 1987, amended 1995.