WAC 260-49-070
Distribution of source market fee. (1) A
source market fee shall be paid monthly, unless otherwise
directed by the commission, for the source market fee area on
all accounts that have Washington as the principal residence
address.
(2) The authorized advance deposit wagering service
provider shall, at least monthly, unless otherwise directed by
the commission, distribute the total source market fee as
follows:
(a) Ninety percent of the total source market fee
directly to the class 1 racing association and the remaining
ten percent directly to the commission.
(b) The class 1 racing association shall distribute two
and one-half percent of the total source market fee to the
breeders' award fund.
(c) The class 1 racing association and the recognized
horsemen's organization shall negotiate a separate agreement
for contributions to the purse account from the source market
fee and submit the agreement for review and approval by the
commission. The class 1 racing association shall distribute
the horsemen's share of the source market fee in accordance
with the horseman's agreement.
(d) The commission shall distribute two and one-half
percent of the total source market fee to the Washington bred
owners' bonus account and one-half of one percent of the total
source market fee to the class C purse fund account and seven
percent of the total source market fee to the commission's
operating account.
(3) The commission shall annually review the distribution
of the source market fee. Any changes to the distribution
shall be adopted by rule.
[Statutory Authority: RCW 67.16.020 and 67.16.040. 05-19-015, § 260-49-070, filed 9/9/05, effective 10/10/05. Statutory Authority: RCW 67.16.020. 04-21-053, § 260-49-070,
filed 10/18/04, effective 11/18/04.]