Section 42-7-80 - Change in payment formula when dollar cutoff reached. - South Dakota Statutes

42-7-80. Change in payment formula when dollar cutoff reached. A licensee may make the necessary changes in the formulas for the distribution of the contributions, breakage, and other payments following the race during which the prescribed dollar cutoff mark was reached, so that contributions relating to any subsequent race shall be the first to be subject to the changed distribution formula.

Source: SL 1974, ch 280; SDCL Supp, § 42-7-19.1; SL 1978, ch 302, § 25.