False statement concerning North Dakota-bred registration

Any person who fails to disclose, or states falsely any information required in the registration process of the North Dakota breeders' fund program, may be subject to penalties at the discretion of the commission. Owners and breeders of accredited North Dakota-breds who receive an owner's bonus, or breeders' award, shall refund to the North Dakota breeders' fund any amount so received in the event it is later determined that any information provided to the North Dakota racing commission during the accreditation process which formed the basis for accreditation as a North Dakota-bred was incorrect or untrue. Such penalties may also include disqualification and exclusion from the North Dakota breeders' fund program of both the horses and persons involved in the dispute.