PART 1311 STAKES AND FUTURITIES : Sections Listing

TITLE 11: ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING
SUBTITLE B: HORSE RACING
CHAPTER I: ILLINOIS RACING BOARD
SUBCHAPTER f: RULES AND REGULATIONS OF HARNESS RACING
PART 1311 STAKES AND FUTURITIES

AUTHORITY: Authorized by and implementing Section 9(b) of the Illinois Horse Racing Act of 1975 (Ill. Rev. Stat. 1979, ch. 8, par. 37-9(b)).

SOURCE: Published in Rules and Regulations of Harness Racing, (original date not cited in publication); codified at 5 Ill. Reg. 10933.

 

Section 1311.10  Stakes and Futurities

 

All stake and futurity sponsors shall:

 

a)         Annually file a copy of their conditions with this Board and with the USTA.

 

b)         Give satisfactory evidence of financial responsibility. A surety bond in the amount of the fund conditioned will be demanded if a sponsor's financial statement shows his net worth as less than five times the amount of trust funds received from stakes and futurities payments.

 

c)         Sponsors shall mail a list of the nominations within 20 days after the closing to each nominator, the Board and the United States Trotting Association.

 

d)         Sponsors shall mail within 20 days the complete list of all horses remaining eligible after each payment to the Board and the United States Trotting Association. Sponsors shall mail within 20 days following the last payment before the starting fee, a complete list of all horses remaining eligible to owners of all eligibles, the Board and the United States Trotting Association.

 

e)

1)         Shall set the nominating date and the dates for all sustaining payments except the starting fee on the 15th day of the month, and there shall be no payments on yearlings except a nomination payment and such nomination payment shall be due not later than August 15th. Before taking any sustaining payments during the year the race is to be contested, the date and place of the race shall be stated.

 

2)         Beginning with stakes and futurities closing in 1973, and thereafter, the date for closing of nominations of yearlings to stakes shall be May 15th and the date for closing of the nominations to futurities shall be July 15th.

 

Section 1311.20  Announcement of Events

 

Sponsors shall announce the week and place of any event as soon as racing dates for the year are allocated by the Board.

 

Section 1311.30  Failure to Make Payments

 

Failure to make any payment required by the conditions constitutes an automatic withdrawal from the event.

 

Section 1311.40  Refund of Nomination Fees

 

In the event that a mare nominated to a futurity fails to have a live foal, the nominator shall receive a return on his payment upon notification by December 1st of the year the foaling failed, providing such return is called for in the conditions.