11 Va. Admin. Code § 10-20-370

Current through Register Vol. 41, No. 8, December 2, 2024

Section 11VAC10-20-370 - Overpayments carried over

If, at the end of the horse race meeting, an overpayment of purses has occurred, the overpayment shall be carried over to the next horse race meeting of the same breed and the overpayment may be recovered by the licensee. The licensee shall recover the overpayment on an even basis over the course of the horse race meeting to prevent serious inconsistencies in purse levels during the horse race meeting.

11 Va. Admin. Code § 10-20-370

Derived from VR662-01-02 § 4.3, eff. March 14, 1990; amended, Virginia Register Volume 6, Issue 13, eff. April 25, 1990; Volume 10, Issue 13, eff. April 20, 1994.

Statutory Authority

§ 59.1-369 of the Code of Virginia.