AI-assisted research summary: Applicants for a horse-race license must apply to the lottery commission, and license applicants or holders must promptly report material changes; the commission may require audits and access to books and records.
I. Any person, association, or corporation desiring to hold or simulcast a running or harness horse race or meet for public exhibition, at or for which pari-mutuel pools are to be sold, shall apply to said lottery commission for a license to do so. The application shall be signed and sworn to by the person or executive officer of the association or corporation and shall contain the following information: (a) The full name and address of the person, association, or corporation. (b) If an association, the names and residences of the members of the association. (c) If a corporation, the name of the state under which it is incorporated with its principal place of business and the names and addresses of its directors and stockholders. (d) The exact location where it is desired to conduct or hold races or race meets. (e) Whether or not the racing plant is owned or leased, and if leased, the name and residence of the fee owner, or if a corporation, of the directors and stockholders thereof. (f) A statement of the assets and liabilities of the person, association, or corporation making such application. (g) Such other information as the lottery commission may require. II. It shall be the responsibility of any license applicant or holder to inform the lottery commission immediately of any material change or anticipated material change in the information required in this section. III. The lottery commission shall have the power to require, at the applicant's or holder's expense, that any financial information provided under paragraphs I and II be verified by an audit performed by a certified public accountant. The lottery commission shall have the further power to require that as a condition of securing a license or of continuing to hold a license the license applicant or holder make available its books and records so as to permit the lottery commission to perform such independent auditing or financial analysis as the lottery commission may deem necessary. In so doing, the lottery commission may employ certified public accountants and any other financial analysts or investigators necessary to perform said auditing and may bill the license applicant or holder for all costs associated with the auditing. Source: Source. 1935, 27:10. RL 171:10. 1949, 226:4. RSA 284:15. 1977, 28:1. 2006, 287:2. 2009, 144:100. 2015, 276:127, eff. July 1, 2015.