Disclosure of Authorization to use Class A Horse Racing Facility

PURPOSE: The purpose of this rule is to require disclosure of the terms for the use of a Class A-licensed facility. (1) An applicant for a Class B license must disclose the terms and conditions of the lease or other agreement authorizing the applicant to sponsor, manage and conduct a parimutuel horse racing meet at a facility holding or applying for a Class A license. (A) A copy of the agreement must be provided unless no written agreement exists. (B) In case no written agreement exists at the time of application, a written agreement must be provided the commission as soon as the agreement has been reduced to writing. (2) This rule shall not apply to a Class B applicant who is also applying for a Class A license concurrently. AUTHORITY: section 313.580.1, RSMo 1986.* This rule originally filed as 12 CSR 50-12.060. Original rule filed July 18, 1986, effective Oct. 27, 1986. Moved to 11 CSR 4552.060, effective Aug. 28, 1995. *Original authority: 313.580.1, RSMo 1986.