La. Admin. Code tit. 35 § XIII-10371

Current through Register Vol. 50, No. 9, September 20, 2024

Section XIII-10371 - Error in Calculating Payoff Prices

A. In the event of an error in calculations of payoff prices which results in underpayments to the public, the aggregate of such underpayments shall be paid into the corresponding pool of the next race or races. If any such error should occur in computing the daily double or the exacta pools, the underpayment shall be added to the corresponding pool of the following race day for the daily double and the next exacta pool. Immediately upon the discovery of such an error, the commission and the state steward shall be furnished a detailed statement thereof in writing, signed by the association's manager of the mutuel department. In the event of an overpayment, the licensee shall absorb the amount paid in error.

La. Admin. Code tit. 35, § XIII-10371

Adopted by the Racing Commission in 1971, promulgated by the Department of Commerce, Racing Commission, LR 2:441 (December 1976), amended LR 3:37 (January 1977), LR 4:282 (August 1978).

AUTHORITY NOTE: Promulgated in accordance with R.S. 4:149.