Okla. Stat. tit. 3A, § 3A-208.13: Horsemen's Bookkeeper - Records

A. Each organization licensee shall utilize a Horsemen's

Bookkeeper who shall, at a minimum, maintain the records and

accounts prescribed in this section or in the rules of the Oklahoma

Horse Racing Commission. The Horsemen's Bookkeeper may be an

employee of the organization licensee, may be employed jointly by

two or more organization licensees, or may be an entity which

contracts with one or more organization licensees.

B. The records of the Horsemen's Bookkeeper shall include the

following:

1. The name, mailing address, social security number or federal

tax identification number, and the state or country of residence of

each horse owner, trainer, and jockey participating at a race

meeting who has funds due or on deposit in a horsemen's account; and

2. All statements of partnerships, syndicates, corporations,

assignments of interest, lease agreements, and registrations of

authorized agents.

C. All records of the Horsemen's Bookkeeper shall be kept

separate from the records of the organization licensee or licensees.

D. All funds on account with the Horsemen's Bookkeeper shall be

maintained as follows:

1. In one or more trust accounts which are separate from all

accounts of the organization licensee with each designated as a

"Horsemen's Trust Account"; and

2. In trust accounts which are fully insured by the Federal

Deposit Insurance Corporation or the Federal Savings and Loan

Insurance Corporation.

E. 1. The Horsemen's Bookkeeper shall receive, maintain, and

disburse the purses of each race and all stakes, entrance money,

jockey fees, purchase money in claiming races, along with all

applicable taxes and other monies that properly come into the

possession of the Horsemen's Bookkeeper.

2. All disbursements pursuant to this subsection shall be made

within forty-eight (48) hours of approval by the stewards unless a

protest or appeal has been filed with the stewards or the

Commission, except that minimum jockey mount fees may be disbursed

prior to such approval. All disbursements subject to a protest or

appeal shall be made within forty-eight (48) hours of receipt of a

dismissal or a final non-appealable order disposing of such protest

or appeal.

3. Except as otherwise provided in this subsection and in the

absence of a prior request, all disbursements pursuant to this

subsection shall be made within fifteen (15) days after the last

race day of the race meeting. Disbursements made by the Horsemen's

Bookkeeper for an amount less than Fifty Dollars ($50.00) and which

remain uncashed after a period of not less than three (3) years may

be canceled by the Horsemen's Bookkeeper with the approval of the

official horsemen's representative organization and the Oklahoma

Horse Racing Commission provided the funds are credited back for use

as a payment of purses for participating horses of the same breed.

F. The Horsemen's Bookkeeper may accept, hold, and pay monies

due and belonging to other organizations, licensees, or meetings;

provided, prompt payment or return shall be made to the person or

entity to which it is due.

G. All records of the Horsemen's Bookkeeper shall be subject to

inspection and audit by the Commission at any time.

H. The Horsemen's Bookkeeper and the organization licensee or

licensees employing the Horsemen's Bookkeeper shall be subject to

disciplinary action by the Commission.

I. The Horsemen's Bookkeeper, each organization licensee

employing the Horsemen's Bookkeeper, and the managing officers of

each organization licensee employing the Horsemen's Bookkeeper,

shall be jointly and severally responsible to ensure that the

amounts retained from the pari-mutuel handle are distributed

according to the Oklahoma Horse Racing Act and the orders and rules

of the Commission.