The North American International Cataloguing Standards Committee (NAICSC) met Thursday and voted to lower the minimum purse requirement for existing non-listed black-type races by 20% for the remainder of 2020.
Given the negative economic impacts of COVID-19-related restrictions on available sources for purse funds, the minimum purse value for non-listed black-type races that ran prior to 2019 will be reduced from $50,000 to $40,000 for the remainder of 2020, and the minimum purse value for non-listed black-type races that ran for the first time in 2019 will be reduced from $75,000 to $60,000 for their second running in 2020. Requests to receive black-type for any new races will continue to be reviewed by a subcommittee of NAICSC and require a minimum purse of $75,000.
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