On Thursday, March 10th, the Fund mailed out checks to every breeder, owner and stallion owner whose horse qualified for an award in 2010 under the Fund’s programs. These checks represent award money that was withheld during 2010. During the first half of the year, the Fund held back 30% of awards. In June, the Board of Directors imposed an additional 20% withholding due to ongoing concerns over the failure of NYC OTB to make its statutory payments to the Fund. Happily, every penny of the withholdings is now on its way to deserving program participants.
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(figure courtesy SmarterStats)
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