Kan. Admin. Regs. § 112-9-25 - Payment for errors
(a) If an error
occurs in the payment amounts for parimutuel tickets that are cashed or
entitled to be cashed, and as a result of the error the parimutuel pool
involved in the error is not correctly distributed among winning ticket
holders, the following shall apply:
(1) If
the error creates an overpayment to ticket holders, the organization licensee
shall be responsible for the overpayment; and
(2) if the error creates an underpayment to
ticket holders, the organization licensee shall add the amount of the
underpayment to the next similar parimutuel pool, whether during the race meet
at which the underpayment occurred or the first similar parimutuel pool of the
following race meet.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.