§ 9346. Standardbred horse racing purse money
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 3 Pa.C.S.A. AgricultureEffective: October 28, 2016
Effective: October 28, 2016
3 Pa.C.S.A. § 9346
Formerly cited as PA ST 4 P.S. § 325.236; PA ST 71 P.S. § 720.66
§ 9346. Standardbred horse racing purse money
A licensed racing entity that conducts standardbred horse racing must place on deposit with the commission by March 1 of each year an irrevocable letter of credit equivalent to its average weekly purse total from the immediate prior year. The commission shall hold the letter of credit in trust for the standardbred horsemen racing at that licensed racing entity's horse race meeting if the purse checks are not issued or insufficient funds are available to cover the purse checks.
Credits
2016, Oct. 28, P.L. 913, No. 114, § 4, imd. effective.
3 Pa.C.S.A. § 9346, PA ST 3 Pa.C.S.A. § 9346
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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