Proposed Amended Rule # 12.154
Statement of Authority, Basis And Purpose

The Statutory Authority for the adoption of this amended Rule # 12.154 is Section 12-60-101, Section 12-60-201, Section 12-60-202, Section 12-60-204, Section 12-60-301, Section 12-60-501, Section 12-60-503, Section 12-60-703, and Section 12-60-703.5, C.R.S.

The Basis and Purpose for permanent adoption of this amended rule in the Colorado Racing Commission Rules is to reduce the time for retention of the noted records to allow for regulatory audit inspection. 

CURRENT RULE:

12.154 - All tickets that are either manually refunded or canceled must be preserved for audit inspection for a period of eighteen (18) months from the end of the live or simulcast race meet with information provided on the ticket identifying the number of the window or machine where it was paid.

PROPOSED AMENDED RULE:

12.154 - All tickets that are either manually refunded or canceled must be preserved for audit inspection for a period of eighteen (18) TWELVE (12) months from the end of the live or simulcast race meet with information provided on the ticket identifying the number of the window or machine where it was paid.