Authority: IC 4-31-3-9

Affected: IC 4-31

Sec. 1. (a) An owner award is the award paid to the owner of a registered Indiana bred quarter horse that places first, second, or third in any race, except claiming races when entered for a claiming price of less than five thousand dollars ($5,000) or any speed index race, at a licensed pari-mutuel racetrack in Indiana.

(b) In the event of multiple owners, the award will be paid to the individual listed first on the Equibase result chart. It is the responsibility of the individual who receives the owner award to distribute these monies to the remaining owners.

(c) For Indiana bred races, the amount of the award is twelve and one-half percent (12.5%) of the gross purse, and distribution is:

1. (1) fifty percent (50%) awarded to the winner, not to exceed five thousand dollars ($5,000);
2. (2) thirty percent (30%) awarded to second place, not to exceed three thousand dollars ($3,000); and
3. (3) twenty percent (20%) awarded to third place, not to exceed two thousand dollars ($2,000).

(d) For open overnight races and open stakes, the amount of the award is twelve and one-half percent (12.5%) of the gross purse, and distribution is:

1. (1) fifty percent (50%) awarded to the winner, not to exceed five thousand dollars ($5,000);
2. (2) thirty percent (30%) awarded to second place, not to exceed three thousand dollars ($3,000); and
3. (3) twenty percent (20%) awarded to third place, not to exceed two thousand dollars ($2,000).

(e) Awards will be paid by the commission.

(Indiana Horse Racing Commission; 71 IAC 14.5-3-1; emergency rule filed Nov 15, 2000, 11:40 a.m.: 24 IR 1037; readopted filed Oct 30, 2001, 11:50 a.m.: 25 IR 899; emergency rule filed Apr 24, 2006, 11:11 a.m.: 29 IR 3034; emergency rule filed Jan 24, 2008, 10:58 a.m.: 20080206-IR-071080056ERA, eff Jan 23, 2008 [IC 4-22-2- 37.1 establishes the effectiveness of an emergency rule upon filing with the Publisher. LSA Document #08-56(E) was filed with the Publisher January 24, 2008.]; emergency rule filed Apr 4, 2013, 1:05 p.m.: 20130410-IR-071130134ERA; emergency rule filed Feb 3, 2017, 2:24 p.m.: 20170208-IR-071170051ERA; emergency rule filed Jun 1, 2020, 1:57 p.m.: 20200610-IR-071200295ERA; emergency rule filed Mar 2, 2021, 3:10 p.m.: 20210310-IR-071210076ERA; emergency rule filed Mar 3, 2022, 3:55 p.m.: 20220316-IR-071220070ERA; readopted filed Apr 20, 2023, 3:49 p.m.: 20230517-IR-071230071RFA; readopted filed Aug 3, 2023, 12:49 p.m.: 20230830-IR-071230428RFA)