Mo. Code Regs. Ann. tit. 12, § 50-12.160
Bond for Class B Licenses
Effective Jul 24, 1987section 313.590, RSMo 1986.* Original rule filed Oct. 3, 1986, effective Jan. 12, 1987. Emergency rescission filed July 14, 1987, effective July 24, 1987, expired Nov. 21, 1987. *Original authority: 313.590, RSMo 1986Missouri Horse Racing Commission
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.
AUTHORITY: section 313.590, RSMo 1986.* Original rule filed Oct. 3, 1986, effective Jan. 12, 1987. Emergency rescission filed July 14, 1987, effective July 24, 1987, expired Nov. 21, 1987. *Original authority: 313.590, RSMo 1986.