Use and Distribution of Purse Supplements for Owners of Oregon-Bred Horses
(1)A race meet licensee designated in subsection (2) of ORS 462.057 (License and other fees and purses) shall maintain and deposit in a separate account from all other funds the Oregon-bred purse supplements authorized by 462.057 (License and other fees and purses)(1)(c)(B)(C)(D). A race meet licensee subject to 462.062 (Fees and other payments by licensees of horse race meets not subject to ORS 462.057) shall maintain and deposit in a separate account from all other funds three-quarters of one percent of the gross mutuel wagering on all races for purse supplements to owners of Oregon-bred horses. The race meet licensee shall accumulate the Oregon-bred purse supplement monies on a weekly basis Monday through Sunday. These accounts shall be subject to audit by the commission. No disbursements shall be made from these accounts except as provided in subsection (2).
(2)Each breed shall share in the Oregon-bred purse supplements derived from that breed’s races only. The race meet licensee shall remit to the accounts of the appropriate breeders organizations (or division of the organization) their proportionate share of any Oregon-bred purse supplement monies within five (5) business days following the end of the weekly period in which they were accumulated. The accounts shall be subject to audit by the commission.
(3)Each Oregon breeders association shall distribute all Oregon-bred purse supplement monies to respective owners of the Oregon-bred horses within 75 days after the close of the race meet or continuous race meet. Subject to prior approval of the commission, each horsemen’s association may use a portion of the Oregon-bred purse supplements for operating expenses. Any request for operating expenses from the Oregon-bred purse supplements must be approved by the commission prior to payment of the Oregon-bred purse supplements.
(4)Sections (1), (2) and (3) of this rule are applicable only at race meets or continuous race meets where the average daily gross mutuel wagering during the preceding fiscal year exceeded $150,000.
Rule 462-150-0110 — Use and Distribution of Purse Supplements for Owners of Oregon-Bred Horses,