Minnesota Administrative Rules
Agency 178 - Racing Commission
Chapter 7895 - HORSES; BREEDERS' FUND
Part 7895.0400 - ARABIAN 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 Arabian breed category shall be divided as follows:
Subp. 3. Distribution of money.
The money available from the Arabian breeders' fund, other than purse supplements, shall be distributed as follows:
Subp. 4. Methods of payment.
The amount of money distributed by the commission for awards or purse supplements pursuant to subpart 3 shall be paid out in the same percentage as the purse money in the race. Purse supplements earned shall not be included in determining breeders' or stallion awards. The amount of money to be distributed shall be in accordance with subpart 5.
Subp. 5. Adjustments.
The Racing Commission shall set percentages to be applied to 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 for the purpose of keeping purse supplements consistent with the amount of money being earned in the breeders' fund. 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, owners' awards, and stallion awards shall be distributed within 45 days of the end of the Arabian race meeting.
Subp. 7. Residual funds.
All unearned purse supplements shall be retained and carried forward to be included as net distributable funds in the succeeding Arabian race meeting.
Statutory Authority: MS s 240.23