SECTION 325:80-11-4. Vendor disclosure requirement

(a)   For each Vendor on the Racetrack Gaming Operator Licensee's list, the Operator must indicate whether the Racetrack Gaming Operator Licensee anticipates purchasing more than $500,000 of goods and/or services from the Vendor in a consecutive 12 month period. Further, for each Vendor which the Racetrack Gaming Operator Licensee anticipates expending more than $500,000 in a consecutive 12 month period, the Operator shall also indicate whether any of the Operator's key employees or any Person or entity having a 3% or more interest in the applicant Operator owns 3% or more interest in the approved Vendor.

(b)   Any Vendor that receives more than $500,000 in a consecutive 12 month period for goods and/or services from a Racetrack Gaming Operator Licensee must confirm that fact by notifying in writing both the Operator and the Commission. The Racetrack Gaming Operator Licensee must maintain a list of approved Vendors including payments to such Vendors for submission to the Commission on a monthly basis.

[Source: Added at 23 Ok Reg 1150, eff 4-6-05 (emergency); Added at 23 Ok Reg 2079, eff 5-11-06 (emergency); Added at 23 Ok Reg 2602, eff 6-25-06]