Indiana Administrative Code
Title 71 - INDIANA HORSE RACING COMMISSION
Article 1 - DEFINITIONS
Rule 1 - Definitions
Section 1-89 - "Purse" defined
Universal Citation: 71 IN Admin Code 1-89
Current through September 18, 2024
Authority: IC 4-31-3-9
Affected: IC 4-31
Sec. 89.
"Purse" means the total cash amount for which a race is contested, provided that the total cash amount for purses may be reduced by any direct remittance by an association to a horsemen's association, subject to the following:
(1) The approval by the commission of the horsemen's contract pursuant to 71 IAC 11-1-12.
(2) Any accounting and disbursement preapproval requirements which the commission may require of the horsemen's association.
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