11 Va. Admin. Code § 10-130-90

Current through Register Vol. 41, No. 8, December 2, 2024

Section 11VAC10-130-90 - Allocation of funds

The funds generated by Arabian and Quarter horse racing through pari-mutuel wagering shall be allocated to the breed which generated the funds according to the following schedule:

1. 20% shall be set aside for payment to the breeders of Virginia-bred horses that win races at horse racing facilities licensed by the commission;

2. 10% shall set aside for payment to the owners or lessees of registered Virginia stallions which sire Virginia-bred horses that win races at horse racing facilities licensed by the commission; and

3. 70% shall be paid to supplement purses according to the following provisions:

a. A purse supplement may be paid to the owners of Virginia-bred horses each time Virginia-bred horses win nonrestricted races at horse racing facilities licensed by the commission; and

b. A purse supplement shall be paid to purses for races restricted to Virginia-bred horses.

11 Va. Admin. Code § 10-130-90

Derived from VR662-04-04 § 5.1, eff. January 27, 1993.

Statutory Authority

§§ 59.1-369 and 59.1-372 of the Code of Virginia.