Section 68IAC21-1-16. "Qualified personal property" defined

   "Qualified personal property" means personal property leased or owned by a qualified organization or donated to a qualified organization, that is as follows:

(1) Designed to be used on a body of water.

(2) Used to conduct a water race associated with the qualified organization's allowable event in the following manner:

(A) Each item of the qualified personal property is marked with a number corresponding to the number on a chance purchased in a water race.

(B) The winner of the water race is determined by the number of the item of qualified personal property that crosses a designated finish line on the body of water first.

(Indiana Gaming Commission; 68 IAC 21-1-16; filed May 30, 2007, 8:28 a.m.: 20070627-IR-068060335FRA; filed May 27, 2008, 4:09 p.m.: 20080625-IR-068070748FRA; readopted filed Nov 26, 2013, 3:58 p.m.: 20131225-IR-068130354RFA)