§ 181.4. Race meeting application and procedures.
(a) Applications to conduct horse race meetings shall be in the form prescribed by the Commission and must contain information as required by the provisions of the Racing Act or as required by the Commission. The Commission may require the following forms or documentation:
(1) Entity Application and Organizational Chart;
(2) Multi-Jurisdictional History Disclosure Forms for applicable Directors, Officers and Principals;
(3) Breed specific occupational license applications;
(4) Recent fingerprints; or
(5) Any other applicable information upon which to make a suitability determination.
(b) A license to conduct horse race meetings shall be issued for a period of 3 years.
(c) A licensed racing entity shall have the privilege to conduct a horse race meeting at which pari-mutuel wagering is permitted. A license to conduct a horse race meeting shall not be a property right and may not be used as collateral or be encumbered.
(d) The Commission may revoke or suspend the license of a licensed racing entity if the Commission finds that the licensed racing entity, or its directors, owners, officers, managers or agents, have not complied with the act and the regulations promulgated thereunder.
(e) A licensed racing entity may not sell, change ownership or transfer a license without the specific prior approval of the Commission as set forth in section 9357 of the act (relating to transfers of licenses).
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