01-017 C.M.R. ch. 7, § 19 - Futurities Requirements
Futurity is as defined in 01-017 C.M.R. ch. 1.
1. All futurity sponsors shall:
A. Annually file a copy of their conditions
with the Commission and with the United States Trotting Association.
B. Maintain a performance bond in the amount
of the fund until such time as the race is contested, a copy of said bond will
be furnished to the Commission and the United States Trotting
Association.
C. Provide a list of
the nominations, within twenty days after the closing of nominations, to each
nominator, this Commission, and the United States Trotting
Association.
D. Provide to the
Commission and the United States Trotting Association an annual financial
statement of each futurity and within thirty days following the day of the race
submit to the Commission and the United States Trotting Association a final
financial statement.
E. Provide to
the Commission and to the United States Trotting Association a complete list of
all horses remaining eligible within fifteen days after each payment of the
owners.
F. Set the nominating date
and dates for all sustaining payments except the starting fee on either the
first or fifteenth day of the month. No payments on yearlings shall fall due
between November 1 and December 15. Before taking any sustaining payments
during the year the race is to be contested, the week and place of the race
shall be stated. No futurity sustaining fee shall become due prior to March 15
of the year in which the colt or filly becomes two years of age.
G. Announce the week and place of any event
within thirty days of the date racing dates for the year are allocated by the
Commission.
2.
Stake Payments. Failure to make any payment required by the
conditions constitutes an automatic withdrawal from the event.
3.
Barren Mares. In the event
that a mare nominated to a futurity proves to be barren, the nominator may
receive a return of his or her payment, providing such return is called for in
the conditions of the futurity.
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.
Futurity is as defined in 01-017 C.M.R. ch. 1.
1. All futurity sponsors shall:
A. Annually file a copy of their conditions with the Commission and with the United States Trotting Association.
B. Maintain a performance bond in the amount of the fund until such time as the race is contested, a copy of said bond will be furnished to the Commission and the United States Trotting Association.
C. Provide a list of the nominations, within twenty days after the closing of nominations, to each nominator, this Commission, and the United States Trotting Association.
D. Provide to the Commission and the United States Trotting Association an annual financial statement of each futurity and within thirty days following the day of the race submit to the Commission and the United States Trotting Association a final financial statement.
E. Provide to the Commission and to the United States Trotting Association a complete list of all horses remaining eligible within fifteen days after each payment of the owners.
F. Set the nominating date and dates for all sustaining payments except the starting fee on either the first or fifteenth day of the month. No payments on yearlings shall fall due between November 1 and December 15. Before taking any sustaining payments during the year the race is to be contested, the week and place of the race shall be stated. No futurity sustaining fee shall become due prior to March 15 of the year in which the colt or filly becomes two years of age.
G. Announce the week and place of any event within thirty days of the date racing dates for the year are allocated by the Commission.
2. Stake Payments. Failure to make any payment required by the conditions constitutes an automatic withdrawal from the event.
3. Barren Mares. In the event that a mare nominated to a futurity proves to be barren, the nominator may receive a return of his or her payment, providing such return is called for in the conditions of the futurity.