71 Ind. Admin. Code 14-4-5

Current through December 4, 2024

Section 71 IAC 14-4-5 - Distribution of proceeds

Authority: IC 4-31-3-9

Affected: IC 4-31; IC 4-35-7-12

Sec. 5.

All proceeds distributed to the recognized standardbred association under IC 4-35-7-12(f)(2) shall be distributed as follows:

(1) Three hundred seventy-five thousand dollars ($375,000) shall be distributed to the state fair commission to be used by the state fair commission to support standardbred racing and facilities at the state fairgrounds.

(2) One hundred twenty-five thousand dollars ($125,000) to the state fair commission to be used by the state fair commission to make grants to county fairs to support standardbred racing and facilities at county fair tracks. The state fair commission shall establish a review committee to include the standardbred association board, the Indiana horse racing commission, and the Indiana county fair association to make recommendations to the state fair commission on grants under this clause [subdivision].

(3) Fifty percent (50%) of the amount remaining after the distributions under clauses (A) and (B) [redesignated subdivisions (1) and (2) by the Publisher] for the following purposes:

(A) Ninety-six and five-tenths percent (96.5%) for standardbred purses.

(B) Three and five-tenths percent (3.5%) to the horsemen's association representing standardbred owners and trainers.

(4) Fifty percent (50%) of the amount remaining after the distributions under clauses (A) and (B) [redesignated subdivisions (1) and (2) by the Publisher] to the breed development fund established for standardbreds under IC 4-31-11-10.

71 IAC 14-4-5

Indiana Horse Racing Commission; 71 IAC 14-4-5; emergency rule filed Aug 29, 2017, 3:21 p.m.: 20170906-IR-071170396ERA; readopted filed 4/20/2023, 3:46 p.m.: 20230517-IR-071230091RFA

Readopted filed 7/6/2023, 1:50 p.m.: 20230802-IR-071230371RFA

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