The following recommendations were approved at our Board Meeting on Wednesday, May 5, 2021. These changes to the incentive programs were necessary due to reduced funding from the lack of slot allocations during the Casino closure with Covid 19. The plan would be to revisit these programs and restore them to pre Covid budgets should funding allow in 2022.
Broodmare Bonus *
- To be funded at a rate of 75% of previous year’s budget.
- Allocations for 2021 will be based on $300,000 as the total available.
- Payable upon receipt of sufficient monthly allotments from TBC deposited into HRBC account.
Foal Incentive *
- Adjusted to $1,500.00 per foal upon registration and completion of the BC New Foal Incentive form.
- All applications to be submitted to HRBC by December 31., 2021.
- “Payable upon receipt of sufficient monthly allotments from TBC deposited into HRBC account.”
BC Bred Bonus *
- To be funded at a rate of 75% of previous year’s budget.
- The total adjusted budget is $125,250
- “Payable upon receipt of sufficient monthly allotments from TBC deposited into HRBC account.”
HRBC * All monies will be paid upon allocation of anticipated funding from TBC and the deposit of funds from TBC in HRBC account on a monthly basis in 2021.