Section 71IAC14.5-3-3. Stallion owner awards

   (a) A stallion owner award is the award paid to the owner or lessee of a registered Indiana stallion whose registered progeny places first, second, or third in any race except trials and claiming races when entered for a claiming price of less than five thousand dollars ($5,000) or any speed index race, at a licensed pari-mutuel racetrack located in Indiana.

  (b) In the event of multiple stallion owners, the award will be paid to the individual designated as the recipient on the stallion application. It is the responsibility of the designated recipient to distribute these monies to the remaining stallion owners.

  (c) The amount of the award is twelve and one-half percent (12.5%) of the gross purse, distribution is:

(1) fifty percent (50%) is awarded to the winner, not to exceed five thousand dollars ($5,000);

(2) thirty percent (30%) is awarded to second place, not to exceed three thousand dollars ($3,000); and

(3) twenty percent (20%) is awarded to third place, not to exceed two thousand dollars ($2,000).

  (d) Awards will be paid by the commission.

  (e) The award will be paid to the owner or lessee of the registered stallion at time of conception.

  (f) No stallion standing outside Indiana and shipping semen into the state will be eligible to participate in any stallion breed development awards. (Indiana Horse Racing Commission; 71 IAC 14.5-3-3; emergency rule filed Nov 15, 2000, 11:40 a.m.: 24 IR 1037; readopted filed Oct 30, 2001, 11:50 a.m.: 25 IR 899; emergency rule filed Mar 27, 2002, 10:27 a.m.: 25 IR 2539; emergency rule filed Jan 24, 2008, 10:58 a.m.: 20080206-IR-071080056ERA, eff Jan 23, 2008 [IC 4-22-2-37.1 establishes the effectiveness of an emergency rule upon filing with the Publisher. LSA Document #08-56(E) was filed with the Publisher January 24, 2008.]; emergency rule filed Apr 4, 2013, 1:05 p.m.: 20130410-IR-071130134ERA)