8.22.2703    OWNER AND BREEDER BONUSES

(1) Under 23-4-204 , MCA, the track licensee conducting a live race meet shall pay a sum equal to 10% of the first place money of every purse won by a horse bred in this state to the board for a breeder bonus, within 14 days after the bonus has been earned. The board shall distribute the breeders' bonuses to the appropriate breeders within 30 days of the end of the race meet in which the bonus was earned. Only the money contributed by the track licensee conducting the live race meet may be considered in computing the breeder bonus. 

(2) The track licensee conducting a live race meet shall pay a sum equal to 10% of the first place money of every purse won by a horse bred in this state to the board for an owners' bonus, within 14 days after the bonus has been earned. The board shall distribute the owners' bonuses to the appropriate owners within 30 days of the end of the race meet in which the bonus was earned. Only the money contributed by the track licensee conducting the live race meet may be considered in computing the owner bonus.

(3) Track licensees conducting a live race meet may, under 23-4-204 , MCA, utilize a portion of funds generated by 3% of exotic wagering on a simulcast race, as deposited in the state special revenue fund account and approved by the board, in order to pay breeder and owner bonuses.

History: 23-4-202, MCA; IMP, 23-4-204, MCA; NEW, 2004 MAR p. 733, Eff. 4/9/04; AMD, 2005 MAR p. 383, Eff. 3/18/05; TRANS, from 32.28.503, 2015 MAR p. 2252, Eff. 12/25/15.