11 Va. Admin. Code § 10-20-380

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

Section 11VAC10-20-380 - Underpayments carried over

If, at the end of a horse race meeting, an underpayment of purses has occurred, the underpayment shall be carried over to the next horse race meeting of the same breed. The underpayment must be paid to the horse owners by adding the underpayment to the purses. The licensee shall repay the underpayment on an even basis over the course of the horse race meeting to prevent serious inconsistencies in purse levels during the horse race meeting.

11 Va. Admin. Code § 10-20-380

Derived from VR662-01-02 § 4.4, eff. March 14, 1990; amended, Virginia Register Volume 6, Issue 13, eff. April 25, 1990; Volume 10, Issue 13, eff. April 20, 1994.

Statutory Authority

§ 59.1-369 of the Code of Virginia.