Florida Statutes 550.912 – Rights and responsibilities of each party state
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(1) By enacting this compact, each party state:
(a) Agrees to:
1. Accept the decisions of the compact committee regarding the issuance of compact committee licenses to participants in pari-mutuel wagering pursuant to the committee’s licensure requirements.
2. Reimburse or otherwise pay the expenses of its official representative on the compact committee or her or his alternate.
Terms Used In Florida Statutes 550.912
- Commission: means the Florida Gaming Control Commission. See Florida Statutes 550.002
- pari-mutuel wagering: means a system of betting on races or games in which the winners divide the total amount bet, after deducting management expenses and taxes, in proportion to the sums they have wagered individually and with regard to the odds assigned to particular outcomes. See Florida Statutes 550.002
(b) Agrees not to treat a notification to an applicant by the compact committee described in s. 550.908 as the denial of a license, or to penalize such an applicant in any other way based solely on such a decision by the compact committee.
(c) Reserves the right to:
1. Apply its own standards in determining whether, on the facts of a particular case, a compact committee license should be suspended or revoked. Any party state that suspends or revokes a compact committee license shall, through its racing commission or the equivalent thereof, or otherwise, promptly notify the compact committee of that suspension or revocation.
2. Apply its own standards in determining licensure eligibility, under the laws of that party state, for categories of participants in pari-mutuel wagering which the compact committee decides not to license and for individual participants in pari-mutuel wagering who do not meet the licensure requirements of the compact committee.
3. Establish its own licensure standards for those who are not covered by the compact committee license.
(2) A party state may not be held liable for the debts or other financial obligations incurred by the compact committee.