Current through Register Vol. 54, No. 44, November 2, 2024
Any person, firm, association or group who holds any
concession, right or privilege to perform any service or sell any article at
any association track must submit to the Commission a copy of each report,
advice or other document which that person, firm, association or group
furnishes or is required to furnish to the association in order to substantiate
any commission, rentals, service fees and similar financial or other
arrangements between the parties.
(b)
Any person, firm, association or group operating a concession, performing any
service or selling any article at more than one association track must submit
separate reports of his operation at each track.
(1)
Financial statements.
Financial statements shall be submitted as follows:
(i) At the end of each meet such person,
firm, association or group shall prepare and send to the Commission a record of
its operations at the track in the form of a Profit and Loss Statement. Such
report shall show the gross revenues derived from the meeting, as well as all
expenses paid or accrued during the same period. Income and expense items must
be shown in detail in such reports; must be verified by at least two of the
principal officers of the firm, association or group, if an association or
group, and by one or more owners or proprietors thereof if not an association
or group. Such report must be filed with the Commission within 30 days after
the end of each individual meet.
(ii) Within 75 days after the end of its
calendar or fiscal year all such persons, firm, association or group, shall
submit to the Commission, verified financial statements, including a Balance
Sheet and a Statement of Profit and Loss, showing the combined operations for
that year and the results of such operations for each specific harness racing
meet at which he, they, or it conducted business during the year.
(2)
Reports. Such
person, firm, association or group, if requested, must submit to the Commission
the following:
(i) Copies of weekly payrolls
of all personnel employed at the track during its race meeting, including
address and title of each employe.
(ii) Copy of all written contracts and
agreements and a summary of all verbal contracts and agreements.
(iii) List of stockholders annually or as the
Commission may require.
(iv) List
of officers and directors and compensation paid to each annually, or as the
Commission may require.
(v) Upon
the sale or transfer of a stock of a concessionaire at a licensed harness
racing track, evidence of the sale or transfer shall be transmitted to the
Commission by affidavit verifying the transfer or sale.
