Kan. Admin. Regs. § 112-17-15 - Distribution of monies from horse fair racing benefit fund
The procedure for distributing monies from the horse fair racing benefit fund shall be as follows:
(a) Each applicant shall submit an
application for funds to the commission which shall include:
(1) the name, address and telephone number of
the applicant;
(2) the total
amount of funds requested by the applicant, as well as a statement of
justification for the request;
(3)
the applicant's tax identification number;
(4) the applicant's proposed budget for the
race meeting covered by the application;
(5) a detailed narrative, including invoices
and receipts, specifically identifying the amount of funds requested by the
applicant; and
(6) additional
information as requested by the commission.
(b) Monies from the horse fair racing benefit
fund shall be expended as follows:
(1) For
administrative expenses reimbursable to the commission, which may include:
(A) the cost of stewards, racing judges, and
assistant animal health officers performing services at the race meetings
conducted by applicant;
(B) travel
and lodging expenses of commissioners, commission employees or agents of the
commission performing services at race meetings conducted by the applicant;
(C) lab fees; and
(D) such other administrative expenses as may
be determined by the commission;
(2) for the cost of totalisator expenses
incurred by the applicant;
(3) for
the cost of background investigations of members of the applicant as required
under the Kansas parimutuel racing act;
(4) for purse supplements at race meetings
conducted by the applicant;
(5)
for basic operating assistance grants to the applicant as determined by the
commission; and
(6) for costs to
the applicant for employment of key racing officials, as determined by the
commission.
(c)
Applications shall be submitted to the commission yearly, no later than
December 31st of the calendar year preceding the race meeting for which funds
are requested.
(d) Each
application shall be reviewed and evaluated by commission staff for the purpose
of making a recommendation to the commission.
(e) Each application shall be evaluated using
the following criteria:
(1) The applicant's
compliance with
K.S.A.
74-8838;
(2) the adequacy of the detail in the
application; and
(3) the quality
of the justification stated in the application;
(f) Each applicant to whom funds are
distributed shall provide audited financial statements within 60 days of the
end of its fiscal year, including a statement of revenue and expenditures and a
balance sheet. Within 45 days after the close of each race meeting, each
applicant receiving funds shall provide payment documentation of the precise
expenditures covered by the funds.
Notes
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