Source: https://law.onecle.com/oregon/462-racing/462.073.html
Timestamp: 2020-08-13 02:59:49
Document Index: 249578817

Matched Legal Cases: ['§37', '§10', '§8', '§5', '§1', '§31', '§1', '§7', '§5', '§18']

Oregon Statutes - Chapter 462 - Racing - Section 462.073 - Unclaimed Winnings Account; payment of winning or refund tickets; disposition of proceeds; civil penalties. - Legal Research
Oregon Statutes - Chapter 462 - Racing - Section 462.073 - Unclaimed Winnings Account; payment of winning or refund tickets; disposition of proceeds; civil penalties.
(1) Every licensee who conducts a race meet shall carry on the books for each race meet an account to be known as the Unclaimed Winnings Account showing the total amount due on outstanding winning mutuel wagering tickets and refund tickets not presented for payment. All funds in the Unclaimed Winnings Account shall be retained by the licensee and deposited in a separate account from all other funds in a bank maintaining an office located in and licensed to do business in Oregon. No payments shall be made by the licensee from this account except to a person who presents a valid, clearly identifiable winning or refund ticket. A statement of the balance of the Unclaimed Winnings Account shall be furnished to the Oregon Racing Commission within 72 hours after any change in the account balance during the race meet and, after the completion of the race meet, within five days following the last day of each month in which there is any change in the account balance.
(6) Notwithstanding the provisions of subsection (3) of this section, a race meet licensee who holds a license under ORS 462.057 shall retain that licensee�s unclaimed winnings to finance physical improvements to the licensee�s race course facility and enclosure. This subsection does not apply to the unclaimed winnings from those race meets which the licensee holds at the race course of a licensee who is the holder of a license under ORS 462.062 or 462.067. [1969 c.356 §37; 1975 c.549 §10; 1981 c.544 §8; 1983 s.s. c.7 §5; 1989 c.357 §1; 1991 c.734 §31a; 1993 c.302 §1; 1993 c.682 §7; 1997 c.865 §5; 2005 c.777 §18]
Section: Previous 462.057 462.060 462.062 462.065 462.067 462.070 462.072 462.073 462.075 462.080 462.090 462.100 462.110 462.120 462.125 Next