10094322, 61D-7.014 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 10094322

Notice of Development of Rulemaking

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Division of Pari-Mutuel Wagering

Chapter:

AUDITING

Overview

RULE:

61D-7.014

Pick (N) Pools (Transferred)

PURPOSE:

The purpose and effect of the proposed rule will be to implement Florida Statutes pertaining to the calculation and distribution of pari-mutuel wagering activity on wagering pools.

SUBJECT:

Amends rule regarding pool calculation and distribution requirements for pari-mutuel wagering activity on Pick (N) wagering pools by giving pari-mutuel permitholders increased flexibility to offer “uncapped” wagers to the public.

RULEMAKING AUTHORITY:

550.0251(3), 550.155(1), 550.495(4) FS.

LAW:

550.0251(7), 550.155 FS.

PRINT PUBLISH DATE:

7/15/2011 Vol. 37/28

RELATED STATUTES
AND LAWS:

550.0251(3), 550.155(1), 550.495(4) FS., 550.0251(7), 550.155 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://www.flrules.org/gateway/ruleno.asp?id=61D-7.014&PDate=7/15/2011&Section=1

REFERENCE MATERIALS:

No reference(s).

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