Section 130. Valuation of purse money

Latest version.

The amount of purse money earned in foreign races is credited in United States currency on the day the purse money was earned for the purposes of determining penalties and allowances. There shall be no appeal for any loss on the exchange rate at the time of transfer from that of another country to United States currency.

Historical Notes

Derived from VR662-04-01 § 13, eff. September 26, 1991.

Statutory Authority

§ 59.1-369 of the Code of Virginia.

                    
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