WSR 04-05-091

PERMANENT RULES

HORSE RACING COMMISSION


[ Filed February 18, 2004, 8:14 a.m. ]

Date of Adoption: February 12, 2004.

Purpose: To create a new rule to comply with the requirements of RCW 67.16.102(1), which requires the commission, prior to the commencement of each race meet, promulgate an equitable distribution formula from which owners bonus funds will be awarded.

Statutory Authority for Adoption: RCW 67.16.020.

Other Authority: RCW 67.16.102.

Adopted under notice filed as WSR 04-02-033 on December 31, 2004 [2003].

Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

Number of Sections Adopted on the Agency's Own Initiative: New 1, Amended 0, Repealed 0.

Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.

Number of Sections Adopted Using Negotiated Rule Making: New 1, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 0, Repealed 0.
Effective Date of Rule: Thirty-one days after filing.

February 13, 2004

R. M. Leichner

Executive Secretary


NEW SECTION
WAC 260-16-065   Washington bred owners bonus distribution formula.   The one percent Washington bred owners bonus funds shall be collected and distributed as required in RCW 67.16.102. The one percent owners bonus funds collected from each licensee shall be paid in accordance with RCW 67.16.102 at the end of the race meet to the licensed owners of Washington bred horses finishing first, second, third and fourth in the licensee's race meet. The formula for the equitable distribution of the one percent Washington bred owners bonus funds shall be as follows:

(1) Calculate the payment factor by dividing the total one percent Washington bred owners bonus funds collected at the race meet by the total amount of winnings (earnings) of the Washington bred horses finishing first, second, third, and fourth in the race meet.

(2) Multiply the winnings (earnings) of each Washington bred owner by the payment factor to determine the amount of the one percent Washington bred owner's bonus to be paid to the owner.

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