Section 450.10  Criteria for Eligibility

An applicant for an occupation license as an operator of a horseman's bookkeeping system shall:

a)         have a contract to provide a horseman's bookkeeping system with an organization licensee;

b)         either:

1)         have operated a horseman's bookkeeping system at a pari‑mutuel race meeting in Illinois for at least 3 years prior to the effective date of this Part; or

2)         provide the Board evidence that the applicant has the experience and expertise to operate a horseman's bookkeeping system at the race meeting at which the applicant proposes to participate in Illinois racing;

c)          provide the Board with a current Table of Organization, Ownership and Control in sufficient detail to identify the individuals that manage, own or control the interests and assets of the applicant; and

d)         establish, maintain, update and provide to the Board an Internal Control System that is subject to audit, with the cost of the audit borne by the occupation licensee.