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Can you summarize ALCA 11-65-31?
HORSE RACING AND GREYHOUND RACING IN CLASS 1 MUNICIPALITIES. > Purses for horse races and greyhound races.
Short Summary
This legal document governs the provision of purse moneys for horse races and greyhound races. For horse races, each horse racing operator is required to apply an amount equal to seven percent of its total horse racing handle to provide purse moneys for the races. The operator must estimate the amount of its horse racing handle before the race meeting and adopt a schedule for the allocation of purse moneys. The operator must provide periodic reports to the licensing commission regarding the amounts applied for purse moneys. Any deficiency or excess in the application of purse moneys will be adjusted for the next race meeting. For greyhound races, the amount of purses to be paid is determined through negotiation between the greyhound racing operator and the kennel owners providing the greyhounds. There are no minimum purse requirements or limitations imposed by this document. Overall, this document sets guidelines for the allocation of purse moneys in horse races and allows negotiation for purses in greyhound races.
Whom does it apply to?
Horse racing operators and greyhound racing operators
What does it govern?
Horse races and greyhound races
What are exemptions?
There are no specific exemptions mentioned in the document.
What are the Penalties?
No penalties are mentioned in the document.
Jurisdiction
Alabama