§ 4-35-7-17 — Approval of distribution agreement; commission determined distribution amount in absence of a distribution agreement

Indiana § 4-35-7-17

• Jurisdiction: Indiana
• Art. 35: GAMBLING GAMES AT RACETRACKS
• Ch. 7: Conduct of Gambling Games at Racetracks

Text

(a) Subject to subsection (b), if:
(1) a distribution agreement is not submitted to the Indiana horse
racing commission before the deadlines imposed by section 16 of
this chapter; or
(2) the Indiana horse racing commission is unable to approve a
distribution agreement;
the Indiana horse racing commission shall determine the percentage of
a licensee's adjusted gross receipts that must be distributed under
section 12(b) of this chapter.
(b) The Indiana horse racing commission shall give the negotiation
committees an opportunity to correct any deficiencies in a proposed
distribution agreement before making a determination of the applicable
percentage under subsection (a).
(c) The Indiana horse racing commission shall consider the factors
used to evaluate a distribution agreement under section 18 of this
chapter when making a determination under subsection (a).

Legislative History

As added by P.L.210-2013, SEC.16. Amended by P.L.108-2019, SEC.79; P.L.168-2019, SEC.21.