Oklahoma Administrative Code
Title 325 - OKLAHOMA HORSE RACING COMMISSION
Chapter 80 - Gaming Licensing Requirements
Subchapter 11 - Requirements for Vendor License
Section 325:80-11-4 - Vendor disclosure requirement
Current through Vol. 42, No. 1, September 16, 2024
(a) For each Vendor on the Racetrack Gaming Operator Licensee's list, the Operator must indicate whether the Racetrack Gaming Operator Licensee anticipates purchasing more than $500,000 of goods and/or services from the Vendor in a consecutive 12 month period. Further, for each Vendor which the Racetrack Gaming Operator Licensee anticipates expending more than $500,000 in a consecutive 12 month period, the Operator shall also indicate whether any of the Operator's key employees or any Person or entity having a 3% or more interest in the applicant Operator owns 3% or more interest in the approved Vendor.
(b) Any Vendor that receives more than $500,000 in a consecutive 12 month period for goods and/or services from a Racetrack Gaming Operator Licensee must confirm that fact by notifying in writing both the Operator and the Commission. The Racetrack Gaming Operator Licensee must maintain a list of approved Vendors including payments to such Vendors for submission to the Commission on a monthly basis.
Added at 23 Ok Reg 1150, eff 4-6-05 (emergency); Added at 23 Ok Reg 2079, eff 5-11-06 (emergency); Added at 23 Ok Reg 2602, eff 6-25-06