| (a) With the approval of the executive secretary, an association may declare an amount as a cap or may designate specific dates, days, or performances for a mandatory payout for any pool that may be carried forward to future performances if it is not won. After declaring the amount of the cap for a pool or designating specific dates, days, or performances for a mandatory payout, the association may not change the amount of the cap or a designated mandatory payout day, date, or performance during a race meeting without prior written approval of the executive secretary. (b) If, at the end of a performance, the amount accumulated in a pool for which a cap has been declared equals or exceeds the amount of the cap, the pool shall be frozen until it is won in accordance with the Rules. (c) At each performance at which a pool frozen under this section is not won, all money wagered for that pool at that performance shall be distributed to the holders of tickets that contain the most winners. (d) If at a performance it is not possible to distribute money wagered for a pool frozen under this section in accordance with the Rule regarding that pool, all money wagered for that pool at that performance shall be refunded. (e) If an association does not designate a specific date, day, or performance for a mandatory payout of a carryover pool, the pool shall be distributed: (1) at a horse racetrack, at the last performance of the race meeting; and (2) at a greyhound racetrack, at the last performance of the calendar year. (f) If the last performance is canceled, the pool shall be deposited in an interest-bearing account approved by the executive secretary. The pool and all accrued interest shall then be carried over and included with the appropriate pool at the next succeeding performance as an additional amount to be distributed. |
