Deposits of Fund

PURPOSE: This rule sets forth procedures for the deposit of funds into the breeder’s fund. (1) Each association licensed by the commission to conduct thoroughbred and/or quarter horse racing shall allocate the amounts specified by statute and rules of the commission to that fund. That amount shall be paid to the commission within three (3) days after each racing day. All registration fees shall also be deposited in the fund. (2) The commission shall deposit all monies in the appropriate Missouri Breeder’s Fund account in the state treasury. A separate account for thoroughbred and quarter horse shall be maintained. (3) The distribution of the pari-mutuel handle earmarked for the fund between breeds shall be determined by a formula approved by the commission. AUTHORITY: sections 313.540 and 313.710, RSMo 1986 and 313.720, RSMo Supp. 1990.* This rule originally filed as 12 CSR 50-15.060. Original rule filed June 14, 1991, effective Oct. 31, 1991. Moved to 11 CSR 4555.060, effective Aug. 28, 1995. *Original authority: 313.540, RSMo 1986; 313.710, RSMo 1986; 313.720, RSMo 1987, amended 1995.