(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]
Structure 2021 Oregon Revised Statutes
Volume : 13 - Housing, Games, Environment
Section 462.010 - Definitions.
Section 462.020 - License requirement; authority of commission to require fingerprints; rules.
Section 462.040 - Race meet licenses, classes, limitations, contents; rules.
Section 462.057 - License and other fees and purses; track fund.
Section 462.067 - License and other fees for race meets not subject to ORS 462.057 and 462.062.
Section 462.068 - Fees for wagering on certain previously held races.
Section 462.075 - Grounds for refusal to issue or renew licenses; hearing.
Section 462.080 - Exclusion of certain persons from race courses; hearing; penalty.
Section 462.090 - Revocation, suspension and refusal to renew licenses; hearing; civil penalty.
Section 462.100 - License fee and tax in lieu of all others; exception.
Section 462.125 - Number and classes of race meets; unused race days; conflicting race dates.
Section 462.142 - Account wagering.
Section 462.147 - Mutuel pools; forms of mutuel wagering; wagering devices; rules.
Section 462.150 - Regulation of underpayments; effect of tax.
Section 462.155 - Wagering on races previously held.
Section 462.157 - Limitations on wagering on historical animal racing.
Section 462.185 - Issuance of licenses to animal owners or trainers; conditions; revocation.
Section 462.195 - Written statement of age from purchaser of mutuel wagering ticket or receipt.
Section 462.210 - Oregon Racing Commission; appointment; confirmation.
Section 462.230 - Vacancies and removal.
Section 462.260 - Oregon Racing Commission Account; office, records and annual report of commission.
Section 462.270 - Duties of commission; rules.
Section 462.272 - Power of commission to administer oaths, take depositions, issue subpoenas.
Section 462.273 - Prohibited activities of commission, staff and family members.
Section 462.275 - Commission activities concerning betterment of racing; establishment of library.
Section 462.301 - Definitions for ORS 462.301 to 462.340.
Section 462.304 - Legislative findings.
Section 462.307 - Lawful exchange wagering.
Section 462.310 - Exchange wagering accounts.
Section 462.313 - Exchange wagering license; rules.
Section 462.316 - Prohibition on accepting certain wagers; suspension or closure of account.
Section 462.337 - Limitations on authority of Oregon Racing Commission.
Section 462.408 - Recovery of owed amounts.
Section 462.415 - Animals prohibited from racing; prohibited acts; rules.
Section 462.430 - Prohibitions concerning influencing results of races.
Section 462.450 - Regulation of possession, transportation or use of drugs at race course.
Section 462.710 - Application; contents; conditions; revocation of authority.
Section 462.720 - Pooling wagered moneys; surcharge on wagering by licensee.
Section 462.735 - Suspension or refusal to renew license; hearing; rules.