Indiana Administrative Code › Title 71 - INDIANA HORSE RACING COMMISSION › Article 13 - REGISTERED HORSEMEN'S ASSOCIATIONS › Rule 1 - General Provisions › Section 1-1 - Registration of horsemen's associations

Current through July 10, 2024
Authority: IC
				  4-31-3-9; IC
				  4-35-7-12
Affected: IC 4-31; IC 4-35
Sec. 1.
(a) A
				horsemen's association must register with the commission annually in order to
				be eligible to receive monies from permit holders pursuant to the provisions of
				IC 4-35-7-12. Unless otherwise
				directed by the commission, and except as provided in subsection (c), a
				horsemen's association shall file its registration (accompanied by all
				supporting materials required by this article) with the commission not later
				than September 1 of the year preceding the calendar year for which the funds
				are to be paid. One (1) electronic copy, and six (6) paper copies, of each
				application shall be provided. Except as provided in subsection (c), the
				commission shall approve or deny a registration not later than December 31 of
				the year preceding the calendar year for which the funds are to be paid. The
				registration for an upcoming calendar year must be approved by the commission
				before a horsemen's association is entitled to receive any funds from permit
				holders as provided for by IC
				4-35-7-12 and before permit holders
				may make payment to a particular horsemen's association. The registration of a
				horsemen's association for a calendar year becomes effective upon the approval
				of the commission, not upon the filing of the registration.
(b) The deadlines set forth in subsections
				(a) and (c) for the commission to approve or deny a registration shall not
				apply when more than one (1) horsemen's association registers to be eligible to
				receive the same source of funds specified in IC
				4-35-7-12. In that event, the
				commission shall approve or deny the registrations as expeditiously as
				possible, but not later than February 28 of the calendar year in which the
				funds are to be paid.
(c) If, at
				the time a permit holder is required to make a payment of funds to a horsemen's
				association pursuant to IC
				4-35-7-12, either:
(1) the commission has not approved the
				registration of a horsemen's association otherwise eligible to receive the
				permit holder's payment; or
(2) for
				any other reason, no horsemen's association is eligible to receive the permit
				holder's payment; then the permit holder shall pay the funds required to be
				paid under IC
				4-35-7-12 into one (1) or more
				interest bearing escrow accounts established and maintained by the permit
				holder solely for the purpose of holding and distributing those funds as may be
				directed by the commission. When a horsemen's association becomes eligible to
				receive payments from a permit holder pursuant to IC
				4-35-7-12 and this article, the
				commission shall immediately direct the release of the escrowed funds and all
				interest earned on those funds to the eligible horsemen's association, and the
				permit holder shall thereafter make payments to that horsemen's association in
				the manner provided by IC
				4-35-7-12 and this
				article.