Proposed Amended Rule # 12.190
Statement of Authority, Basis And Purpose

The Statutory Authority for the adoption of this amended Rule # 12.190 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:

12.190 - All tickets and/or vouchers manually cashed after the end of the meet must be maintained for a period of eighteen (18) months after the end of the live or simulcast race meet with information provided on the ticket to identify the amount paid; the payee’s name, address and phone number.

PROPOSED AMENDED RULE:

12.190 - All tickets and/or vouchers manually cashed after the end of the meet must be maintained for a period of eighteen (18) TWELVE (12) months after the end of the live or simulcast race meet with information provided on the ticket to identify the amount paid; the payee’s name, address and phone number.