Section R19-2-305. Charity Races

A.      A permittee shall provide the Commission with:

1.        The name of any nonprofit organization or corporation selected by the permittee as a charity entitled to benefit from a charity racing day or race.

2.        A list of the names and addresses of all directors, officers, and shareholders holding 10% or more of the total num- ber of outstanding voting shares of the charitable corpora- tion.

3.        A brief description of the purposes and activities to be benefited by monies received from the charity racing day or race.

4.        A copy of an Internal Revenue Service letter of determi- nation qualifying the particular charity as an exempt organization or corporation for federal income tax pur- poses.

B.       No permittee shall charge any expenses incurred by operation of racing against the pari-mutuel handle of a charity racing day or race except those prorated expenses incurred on the day of that particular charity racing day or race.

Historical Note

Adopted effective August 5, 1983 (Supp. 83-4).

Amended effective March 20, 1990 (Supp. 90-1). R19-2-

305 recodified from R4-27-305 (Supp. 95-1).