71 Ind. Admin. Code 11-1-12.1

Current through December 12, 2024

Section 71 IAC 11-1-12.1 - Distribution agreements

Authority: IC 4-35-7-12; IC 4-35-7-16

Affected: IC 4-31; IC 4-35

Sec. 12.1.

(a) The parties to the distribution agreement under IC 4-35-7-16 shall, on or before October 1 of each calendar year, report to the commission the effect of each distribution agreement on the Indiana horse racing industry.

(b) The parties submitting a proposed distribution agreement to the commission for approval under IC 4-35-7-16 shall have the burden of proving:

(1) The distribution agreement is in the best interests of pari-mutuel horse racing in Indiana.

(2) The distribution agreement ensures the maintenance of the highest standards and greatest level of integrity.

(3) The distribution is fair to all parties.

(4) The licensees are financially stable.

71 IAC 11-1-12.1

Indiana Horse Racing Commission; 71 IAC 11-1-12.1; emergency rule filed Oct 3, 2013, 2:08 p.m.: 20131009-IR-071130452ERA; readopted filed November 26, 2013, 11:25 a.m.: 20131225-IR-071130345RFA

Readopted filed 8/28/2019, 1:23 p.m.: 20190925-IR-071190319RFA

Readopted filed 8/3/2023, 12:49 p.m.: 20230830-IR-071230428RFA