Mo. Code Regs. Ann. tit. 12, § 50-12.160 – Bond for Class B Licenses

PURPOSE: This rule sets a bond amount for Class B licenses.

(1) The bond for Class B licenses shall be five percent (5%) of the daily handle as projected by the Class B license applicant on his/her application, multiplied by the number of racing days awarded by the commission to the applicant.
Auth: section 313.590, RSMo (1986). Original rule Fled Oct. 3, 1986, effective Jan. 12,1987. Emergency rescission filed July 14, 1987, effective July 24, 1987, expired Nov. 21,1987.