Minnesota Administrative Rules
Agency 178 - Racing Commission
Chapter 7895 - HORSES; BREEDERS' FUND
Part 7895.0250 - STANDARDBRED BREEDERS' FUND
Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1. Definitions.
For purposes of this part, the following terms have the meanings given them unless another intention clearly appears.
Subp. 2. Division of money.
The money available from the breeders' fund for the standardbred breed category shall be divided as follows:
Subp. 3. Distribution of money.
The money available from the standardbred breeders' fund shall be distributed as breeders' awards and paid to the breeder, as reflected on the USTA foal certificate, of a Minnesota-bred horse that finishes fifth or better in any pari-mutuel or sanctioned USTA non-pari-mutuel race in Minnesota.
Subp. 4. Methods of payment.
The amount of money distributed for breeders' awards or purse supplements pursuant to subpart 3, shall be paid out in the same percentage as the purse money in the race.
Subp. 5. Adjustments.
The Racing Commission shall set percentages to be applied to each category of the breeders' fund for the purpose of determining the amount of awards and purse supplements that may be earned during the current race meeting. The Racing Commission may, in its discretion, during the course of a race meeting vary the percentages set in each category for the purpose of keeping awards and purse supplements consistent with the amount of money being earned in the breeders' fund and subsequent breeders' award disbursements. The Racing Commission shall consider the following criteria in determining the applicable percentages:
Subp. 6. Time of payment.
Purse supplements are part of the purse and shall be credited to owners' accounts at the time the purses are earned. All money allocated for breeders' awards and stallion awards shall be distributed within 45 days of the end of the standardbred race season.
Subp. 7. [Repealed, 12 SR 2393]
Subp. 8. Residual funds.
After complying with subparts 4 to 6, any remaining funds in the breeders' awards account, and all unearned purse supplements, shall be retained and carried forward to be included as net distributable funds in the succeeding standardbred race meeting.
Subp. 9. Exceptions.
Money accrued to the standardbred breeders' fund from standardbred simulcasting will be deposited with the commission to be used as purse supplements pursuant to Minnesota Statutes, section 240.18, paragraph 3, clause (b), as approved by the commission for standardbred racing conducted in the state for either a pari-mutuel or non pari-mutuel meet or both.
Statutory Authority: MS s 240.18; 240.23; 240.24