Or. Admin. Code § 462-220-0080

Current through Register Vol. 64, No. 1, January 1, 2025

Section 462-220-0080 - Distribution of Receipts from Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs

From the payments made to the Oregon Racing Commission by Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs per ORS 462.725(4)(b), the commission shall:

(1) Transfer to the State General Fund 25% of the receipts;

(2) Retain 75% in the agency's cash account. Of the retained money, the commission may distribute it for the benefit of the Oregon pari-mutuel racing industry as follows:

(a) First, to race meets licensed under ORS 462.057 in the amounts necessary, in the commission's judgment, to allow an appropriate race meet with an appropriate purse level;

(b) Second, if there are funds remaining, to any entity in the Oregon pari-mutuel racing industry, after the receipt of a petition submitted to the commission, for purposes that benefit members of the pari-mutuel industry.

(3) All requests must be submitted in writing on the official Oregon Racing Commission request form no later than January 1 of each odd numbered year for the following biennium and must include a detailed list of all funds requested, the purpose of the funds and a description of how the funds will benefit racing in Oregon.

(4) All distributions are subject to Oregon Racing Commission (ORC) audits.

(5) Changes to the intent of approved allocations must be resubmitted to the ORC for approval.

(6) All unused distributions are to be returned to the ORC within 60 days of intended purpose.

(7) The commission, or its staff, will be given unrestricted access, for review and audit, to all records and financial information of the recipient of hub funds, including all hub account information. This information will be made available to the commission or commission staff, by the recipient, at their location, upon notice from the commission or commission staff, at all reasonable times to the extent such disclosure is not expressly prohibited by law.

(8) The commission's decision on the distribution of these funds is final.

Or. Admin. Code § 462-220-0080

RC 3-2000, f. 3-27-00, cert. ef. 5-1-00; RC 2-2012, f. 5-29-12, cert. ef. 6-1-12; RC 1-2016, f. & cert. ef. 1/27/2016; RC 1-2022, minor correction filed 07/25/2022, effective 7/25/2022; RC 1-2023, amend filed 03/02/2023, effective 3/2/2023; RC 2-2024, amend filed 01/22/2024, effective 1/22/2024

Statutory/Other Authority: ORS 462.270(3) & 462.725

Statutes/Other Implemented: ORS 462.725