Oregon Statutes 462.072 – Cash Vouchers Account; payment and expiration of vouchers; disposition of account balance; civil penalty
(1) As used in this section, ‘cash voucher’ means a receipt showing the amount paid into a wagering system prior to placing a wager.
Terms Used In Oregon Statutes 462.072
- Commission: means the Oregon Racing Commission. See Oregon Statutes 462.010
- Continuous race meet: includes any exhibition of animal racing continuously at the same race course by two or more licensees where the mutuel system is used in conjunction with any race. See Oregon Statutes 462.010
- Licensee: means a person, partnership, corporation, political subdivision, municipal corporation or any other body holding a license under this chapter. See Oregon Statutes 462.010
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Race: includes races conducted without wagering, provided one or more races in the meet are conducted with wagering. See Oregon Statutes 462.010
- Race course: means all the premises used in connection with the conduct of a race meet, including but not limited to, the race track, grandstands, paddock, stables, kennels and all other buildings and grounds adjacent to or appurtenant to the physical limits of the race track. See Oregon Statutes 462.010
- Race meet: means any exhibition of animal racing where the mutuel system is used in conjunction with any race. See Oregon Statutes 462.010
(2) Every licensee who conducts a race meet for horses shall carry on the books for each race meet an account to be known as the Cash Vouchers Account showing the total amount due on outstanding cash vouchers not presented for wager or payment. The licensee may not make payments from this account except to a person who presents a valid, clearly identifiable cash voucher.
(3) All cash vouchers must be used for wagering or presented for payment within 180 days after the close of the race meet at which the cash voucher was purchased. At the expiration of the 180-day period, the holder of the cash voucher does not possess any further right in the unused amount and the voucher is void.
(4) Two hundred ten days after the close of a race meet conducted by a licensee under this chapter, an amount equal to the outstanding balance of the Cash Vouchers Account shall be paid as follows:
(a) Seventy percent to the horsemen’s association having the greatest number of members entering horses in the race meets of the licensee during the 180-day period.
(b) Eighteen percent to the Oregon Thoroughbred Owners and Breeders Association, Incorporated.
(c) Twelve percent to the Oregon Quarter Horse Racing Association, Incorporated.
(5) An association receiving a payment of moneys under subsection (4) of this section shall use the moneys only for benevolent or educational purposes of the association. A licensee shall be subject to a civil penalty of not less than $25 per day after 210 days for failure to pay moneys due to a horsemen’s association in accordance with this subsection. Civil penalties under this subsection shall be imposed as provided in ORS § 183.745.
(6) Notwithstanding the provisions of subsections (3) and (4) of this section, if a continuous race meet is designated by the Oregon Racing Commission, the 180-day period referred to in subsection (3) of this section shall commence after the close of the continuous race meet at the race course.
(7) Notwithstanding the provisions of subsection (3) of this section, if the 180th day prescribed therein falls upon a Saturday, Sunday or legal holiday, the holder of the cash voucher may file the voucher with the licensee on the first business day thereafter. [2007 c.177 § 2]