54(2)(a) 55Each totalisator company must apply to the division for an annual business license. The application must include such information as the division by rule requires.
80(b) 81As a part of its license application, each totalisator company must agree in writing to pay to the division an amount equal to the loss of any state revenues from missed or canceled races, games, or performances due to acts of the totalisator company or its agents or employees or failures of the totalisator system, except for circumstances beyond the control of the totalisator company or agent or employee, as determined by the division.
155(c) 156Each totalisator company must file with the division a performance bond, acceptable to the division, in the sum of $250,000 issued by a surety approved by the division or must file proof of insurance, acceptable to the division, against financial loss in the amount of $250,000, insuring the state against such a revenue loss.
212(d) 213In the event of a loss of state tax revenues, the division shall determine:2271. 228The estimated revenue lost as a result of missed or canceled races, games, or performances;
2432. 244The number of races, games, or performances which is practicable for the permitholder to conduct in an attempt to mitigate the revenue loss; and
2683. 269The amount of the revenue loss which the makeup races, games, or performances will not recover and for which the totalisator company is liable.
293(e) 294Upon the making of such determinations, the division shall issue to the totalisator company and to the affected permitholder an order setting forth the determinations of the division.
322(f) 323If the order is contested by either the totalisator company or any affected permitholder, the provisions of chapter 120 apply. If the totalisator company contests the order on the grounds that the revenue loss was due to circumstances beyond its control, the totalisator company has the burden of proving that circumstances vary in fact beyond its control. For purposes of this paragraph, strikes and acts of God are beyond the control of the totalisator company.
398(g) 399Upon the failure of the totalisator company to make the payment found to be due the state, the division may cause the forfeiture of the bond or may proceed against the insurance contract, and the proceeds of the bond or contract shall be deposited into the Pari-mutuel Wagering Trust Fund. If that bond was not posted or insurance obtained, the division may proceed against any assets of the totalisator company to collect the amounts due under this subsection.