(b) The board shall adopt regulations no later than July 1, 2007, consistent with existing practice of the stewards, that provide both of the following:

1. (1) Establish the circumstances under which a jockey is entitled to receive a mount fee when he or she is removed from a mount prior to scratch time.
2. (2) Establish the circumstances under which a jockey is entitled to receive both a mount fee and the riding fee when he or she is removed from a mount after scratch time.

(d) For the purposes of this section the following definitions apply:

1. (1) “Scratch time” means the time designated by the purse agreement when final changes in racing programs must be made.
2. (2) “Riding fee” means the amount of money, whether calculated as a percentage of the purse or by any other means, that is due to a jockey in addition to the jockey mount fee as a result of the performance of a racehorse in a race.
3. (3) “Mount fee” is the fee that is paid a jockey who accepts a mount on a racehorse.