N.Y. Comp. Codes R. & Regs. tit. 9 § 4215.24

Current through Register Vol. 46, No. 53, December 31, 2024

Section 4215.24 - Adjustment of underpayments caused by error

(a) In the event of an error in calculations of payoff prices which results in underpayments to the public, the aggregate of such underpayments shall be paid into the corresponding pool of the next race or races in such amounts as may be determined by the steward of the commission and a designated representative of the association conducting the meeting.

(b) If any such error should occur in computing the daily double or the twin double pools, the underpayment shall be added to the corresponding pool of the following day.

(c) Immediately upon the discovery of such an error, the commission and the State Tax Commission shall be furnished a detailed statement thereof in writing, signed by the manager of the mutuel department.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 4215.24