71 IAC 1-1-89 "Purse" defined

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.