N.Y. Comp. Codes R. & Regs. tit. 9 § 4111.23

Current through Register Vol. 46, No. 45, November 2, 2024

Section 4111.23 - Conditions and payments in early closing events and stakes

(a) Approval. The proposed offering of and the conditions for each early closing event and stakes shall be submitted to the commission for approval not less than 20 days before advertising, and shall not be advertised before approval.

(b) Conditions. The proposed conditions shall include the place where the race is to be conducted, the conditions of eligibility, distance, amount of payments and due dates, the amount the sponsor will add to the purse, and, if the event is to be raced during the current year, the date of the race and the date and time for making declarations thereto.

(c) Payment dates.

(1) Starting payments shall fall due at declaration time and accompany declarations.

(2) Nomination payments shall fall due on the 15th day of any month and in stakes may not fall due later than August 15th.

(3) All other payments shall fall due on the 15th day of any month other than September, October, November, December, and, except in the case of New York State Sires Stakes, January.

(d) Number of payments.

(1) Only a nomination payment may be required for a horse before it is two years old.

(2) Only one payment may be required of a two-year-old if there is no two-year-old division to be raced.

(3) Not more than two payments exclusive of starting payment may be required in any year for any horse.

(e) Lists of eligibles. A complete list of nominations and remaining eligibles after each payment date shall be filed with the commission within 30 days after such nomination or payment date. The most recent list shall also be mailed upon request to any nominator or eligible owner prior to any payment date and must be mailed to the owners of all horses eligible for declaration within 20 days after the payment date immediately preceding declaration date.

(f) Cancellation. A sponsor may cancel any early closing event or stake within 10 days after nomination. In such event immediate notice shall be given to the commission and any nominators affected, and nomination fees shall be refunded. After such time stakes and early closers may not be cancelled except as elsewhere provided by these rules or by the conditions.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 4111.23