Or. Admin. Code § 462-150-0110 - Use and Distribution of Purse Supplements for Owners of Oregon-Bred Horses
(1) A race meet
licensee designated in subsection (2) of ORS
462.057 shall maintain and
deposit in a separate account from all other funds the Oregon-bred purse
supplements authorized by 462.057(1)(c)(B)(C)(D). A race meet licensee subject
to 462.062 shall maintain and deposit in a separate account from all other
funds three-quarters of one percent of the gross mutuel wagering on all races
for purse supplements to owners of Oregon-bred horses. The race meet licensee
shall accumulate the Oregon-bred purse supplement monies on a weekly basis
Monday through Sunday. These accounts shall be subject to audit by the
commission. No disbursements shall be made from these accounts except as
provided in subsection (2).
(2)
Each breed shall share in the Oregon-bred purse supplements derived from that
breed's races only. The race meet licensee shall remit to the accounts of the
appropriate breeders organizations (or division of the organization) their
proportionate share of any Oregon-bred purse supplement monies within five (5)
business days following the end of the weekly period in which they were
accumulated. The accounts shall be subject to audit by the
commission.
(3) Each Oregon
breeders association shall distribute all Oregon-bred purse supplement monies
to respective owners of the Oregon-bred horses within 75 days after the close
of the race meet or continuous race meet. Subject to prior approval of the
commission, each horsemen's association may use a portion of the Oregon-bred
purse supplements for operating expenses. Any request for operating expenses
from the Oregon-bred purse supplements must be approved by the commission prior
to payment of the Oregon-bred purse supplements.
(4) Sections (1), (2), and (3) of this rule
are applicable only at race meets or continuous race meets where the average
daily gross mutuel wagering during the preceding fiscal year exceeded
$150,000.
Notes
Stat. Auth.: ORS 462.057
Stats. Implemented: ORS 462.057 & 462.130
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