Bond for Class B Licenses

PURPOSE: This rule sets a bond amount for Class B licenses. (1) The bond for Class B licenses shall be five percent (5%) of the daily handle as projected by the Class B license applicant on his/her application, multiplied by the number of racing days awarded by the commission to the applicant. AUTHORITY: section 313.590, RSMo 1986.* This rule originally filed as 12 CSR 5012.160. Original rule filed Oct. 3, 1986, effective Jan. 12, 1987. Emergency rescission filed July 14, 1987, effective July 24, 1987, expired Nov. 21, 1987. Moved to 11 CSR 4552.160, effective Aug. 28, 1995. *Original authority: 313.590, RSMo 1986.