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  4. S.I. No. 425/2001 - Greyhound Race Track (Totalisator) (Operating) Amendment Regulations 2001

S.I. No. 425/2001 - Greyhound Race Track (Totalisator) (Operating) Amendment Regulations 2001

Bord na gCon in exercise of the powers conferred on it by sub-section (3) of Section 40 of the Greyhound Industry Act, 1958 (no. 12 of 1958) hereby makes the following regulations, that is to say:-

(1)      The minimum unit on all pools shall be 1 euro.

(2)      The minimum totalisator dividend shall be declared to 1 euro and 10 cents (except in the case of a dead heat)

(3)      The dividend on the unit shall be paid to a multiple of 10 cents and for that purpose every fraction of 10 cents shall, as the Board may think proper in respect of each fraction, be distributed or retained.

(4)      These regulations shall come into operation on the 1st day of January 2002.

Given under the seal of Bord na gCon

this 5th day of September 2001.

(Sgd.) CHAIRMAN OF THE BOARD

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__________________________

(Sgd.) CHIEF EXECUTIVE OF THE BOARD

An officer authorised by the Board to authenticate the seal of the Board.

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__________________________

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation).

The effect of these regulations is to amend the Greyhound Race Track (Totalisator) (Operating) Regulations, 1971 to allow for the minimum unit on all totalisator pools to be 1 euro.