71 IAC 3.5-6-3
71 IAC 3.5-6-3 Monies and funds on account
Cite as Ind. Admin. Code tit. 71, r. 3.5-6-3
Sec. 3. (a) All monies and funds on account with the horsemen's bookkeeper shall be maintained in an account insured by the Federal
Deposit Insurance Corporation.
(b) The horsemen's bookkeeper shall be bonded in accordance with commission stipulations.
(c) The amount of purse money earned is credited in the currency of the jurisdiction in which the race was won. There shall be no appeal
for any exchange rate loss at the time of transfer of funds from another jurisdiction.