(1) By enacting this compact, each party state:
(a) Agrees to:
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1. Accept the decisions of the compact committee regarding the issuance of compact committee licenses to participants in pari-mutuel wagering pursuant to the committee’s licensure requirements.
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2. Reimburse or otherwise pay the expenses of its official representative on the compact committee or her or his alternate.
(b) Agrees not to treat a notification to an applicant by the compact committee described in s. 550.908 as the denial of a license, or to penalize such an applicant in any other way based solely on such a decision by the compact committee.
(c) Reserves the right to:
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1. Apply its own standards in determining whether, on the facts of a particular case, a compact committee license should be suspended or revoked. Any party state that suspends or revokes a compact committee license shall, through its racing commission or the equivalent thereof, or otherwise, promptly notify the compact committee of that suspension or revocation.
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2. Apply its own standards in determining licensure eligibility, under the laws of that party state, for categories of participants in pari-mutuel wagering which the compact committee decides not to license and for individual participants in pari-mutuel wagering who do not meet the licensure requirements of the compact committee.
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3. Establish its own licensure standards for those who are not covered by the compact committee license.
(2) A party state may not be held liable for the debts or other financial obligations incurred by the compact committee.
History.—s. 42, ch. 2000-354; s. 29, ch. 2001-63.