Season Opener March 20, 2010

Everyone entering the pit area must sign or RELEASE AND WAIVER OF LIABILITY, ASSUMPTION OF RISK AND INDEMNITY AGREEMENT form please read the release form and understand that by signing it you comprehend that racing is a dangerous sport and you are releasing Texoma Motor Speedway, Texoma Speedway Inc. and all partners as well as all track officials of any and all liability. Visitors and participants enter at your own risk. Texoma Motor Speedway provides liability insurance only for scheduled events. Liability insurance is only in effect for scheduled race events. There is no insurance at any other time! Medical insurance or other types of insurance are a discretionary decision by the visitor and race participant.

1. Pets are not allowed leave them at home!
2. Quads, motorized pit carts or push vehicles cannot be operated by anyone under the age of 18 you must also have proof of liability insurance.
3. Speedway will not be responsible for damages to any vehicles brought onto property.
4. Pit pass armbands must be worn in on wrist at all times.
5. You must race 85% of the point’s races to be eligible for the year-end championships awards.
6. All Minors must have a minor release and waiver of liability and indemnity agreement completed before entering the pit gate. A legal parent or guardian must sign this form. An adult must accompany all children under the age of 18.
7. Medical insurance is the sole responsibility of the visitor and race participant, parent and/or legal guardian.

Rain Check Notice: In the event of a sudden storm during the race program that causes the cancellation of the remaining races, the following rules apply.

1.  

   1. If all heat races have not been completed, your rain check (wristband or ticket stub) will be accepted to the following race event.
   2. If all heat races are complete, it is considered a complete race program. No Rain checks or Refunds.

Conduct Violations and Consequence

1.      No one at anytime may attempt to enter the track, flag stand or scoring tower for any reason during or following a race. You may contact head flagman after the final race of the night.

2.      One week suspension:

1.  

   1. Pets!!! Pets are not allowed leave them at home!
   2. Littering, dumping oil or fuel everyone is required to keep pit area clean. (Take your trash with you)
   3. Confronting any track official. (DO NOT ARGUE WITH THE OFFICIALS)
   4. Entering a pit area not their own and causing a verbal disturbance.
   5. For any driver or pit member causing a verbal disturbance, expressing inappropriate gestures or general un-sportsmanlike conduct while on the track or in the pit area.

3.      Two week suspension, ranging up to the remainder of the season for any driver or pit member engaging in physical contact (i.e. fighting, pushing, kicking, punching, hitting, biting or spitting) with another driver, pit member, safety crews, ambulance crews, spectators or track official anywhere on the Speedway facility.

4.      Penalty assessment to be determined on a per incident basis by track officials prior to next racing event.

5.      Drivers/crew chief and any person cheating:

·         1st offense - loose that nights points and money

·         2nd offense - loose that nights points and money and all accumulated points from the beginning of the season

Race Format (go karts/Quarter Midgets)

1. Random draw for heat race starting position. (If competitor misses draw you will start heats/dash race in the back)
2. Heat: Once registered the computer will decide the starting position by random. Transfer points are awarded for the heat race.
3. Dash: The dash race is inverted from the draw of heat race. Transfer points are awarded for the dash race.

4. Feature: The transfer points that are awarded for the heat and dash are then added to set the starting positions feature race.

   • Heat race – 8 laps, maximum 8 vehicles in race.
   • Dash race – 5 laps maximum 8 vehicles in race.
   • B-Feature - 10 laps
   • A-Feature – 15 laps (10 for kid class, cadet's & red restrictor)
   • Unfilled starting position shall be filled by moving straight up
5. PAY-OUT will be made at the pit window (after 15 minute posting time period or tech inspection is finished). You must finish take the checkered flag under your own power to receive pay-out.
6. Pay-out window will be closed 30 min. after last checkered flag. You can pick it up the next race; otherwise you will forfeit your winnings.

Race Format (600 sprints)

1.      Random draw for heat race starting position. (If competitor misses draw you will start heats/dash race in the back)

2.      Heat: Once registered the computer will decide the starting position by random. Transfer points are awarded for the heat race.

3.      Feature: The transfer points that are awarded for the heat and dash are then added to set the starting positions feature race.

a.       Heat race – 10 laps, maximum 8 vehicles in race.

b.      B-Feature - 15 laps

c.       A-Feature – 20 laps

d.      Unfilled starting position shall be filled by moving straight up

4.      PAY-OUT will be made at the pit window (after 15 minute posting time period or tech inspection is finished). You must finish take the checkered flag under your own power to receive pay-out.

5.      Pay-out window will be closed 30 min. after last checkered flag. You can pick it up the next race; otherwise you will forfeit your winnings.

Race Procedures

1. Any vehicles involved in a spin or accident causing a yellow/red before completion of the first lap of a race will result in a restart. This restart will be lined up in original position with no one being penalized. NO RACING BACK TO THE FLAG ON THE CAUTION!!!!
2. Each lap is scored as a completed lap when all racing vehicle have crossed the start/finish line.
3. If you are involved with a yellow/red flag incident (and you stop on the track) you will be charged with a caution! The rule does not state who caused the yellow/red, it states involved in the incident.
4. You must continue to move at all times, if you stop you will restart in the rear of the field.
5. All drivers involved in two (2) yellow/red flags, no matter what the reason, will receive a black flag on the third infraction.
6. If you are stopped by a track official for an inspection by the official and determined to be safe you will get your position back. If any type of work needs to be performed to your vehicle you will restart in the rear of the field.
7. Line-ups after a yellow/red flag, vehicles will be lined up according to the last completed lap.

8.      Restarts will be single-file at a cone placed on the front straightaway; the leader can pick up the pace anywhere coming out of turn 4 until they reach the cone, drivers must stay in single file order, strictly nose to tail and may not pass until they have passed the cone. Any vehicle going inside of cone, hitting cone or passing prior to going outside of cone will result in a yellow flag and that car will be sent to the tail for the restart.

This rule maybe waived for some of the drivers in the beginner classes.

1. Sprint cars NO SHIFTER STARTS. Any driver observed to be shifting on the start, or any car which appears to be shifting on the start will be placed at the rear of the field.
2. Rough driving will get you a BLACK FLAG WARNING! Keep driving rough and you will be ejection from the race!
3. If a driver has not closed the gap (nose to tail) after 1 pace lap they maybe moved to the rear of the line.
4. The race will not be stopped for any race vehicle in the infield or off the race surface and out of harms way.
5. Lapped vehicles will restart in the rear of the field in the event of a caution flag.
6. If a racing vehicle needs mechanical assistance, they will be allowed two yellow flag laps once they have reached the hot pit/work area.
7. If you do not take the green flag you will not be allowed to enter the race until a yellow/red flag has been displayed on the track.
8. No radios, communication equipment or mirrors are allowed.
9. Yellow/red flag on the white flag lap, the restart will be a green flag then a white flag followed by the checkered.
10. Any vehicles being lapped consistently by the field maybe black-flagged for safety reasons at the flagman’s discretion.
11. The race will begin when the green flag/light is displayed.
12. Pole setter will set the pace and it is the outside pole setter’s responsibility to keep pace with the pole setter.
13. Anyone jumping the green flag one (1) or more times will be sent to the back at the discretion of the flagger.

Green Flag: The race is under way, and the track is in a safe condition.
White Flag: One lap to go.
Red Flag: All vehicles must slow speed and stop at the flag stand immediately.
Rolled up Black Flag: This is a warning that you are involved in an unsafe race situation. It is the only warning you will receive, your next Black Flag will not be rolled up and your ejection from the race will be immediate.
Black Flag: This is an ejection indication from the flagman that you were involved in a serious race situation and you are to exit the track immediately. Failure to do so at this time can result in further penalties.
Yellow Flag: Caution on the track the flagman has determined it is necessary to slow down to a reasonable speed for safety. Slow Down, if you do not obey the yellow flag when it’s presented to you, it can be the official’s decision that you be ejected from the race. The Official Yellow is the Flagman’s yellow not the infield workers.
Checkered Flag: Race is over.

Safety Rules

1. Driving gloves, shoes and neck brace required, minimum 4 point seat belt and arm restraints mandatory for all drivers, must keep the drivers arms inside the cage at all times.
2. Right side cage net is mandatory on all open wheel cars. Nets on both sides and or a helmet restraint are recommended.
3. All weights must be painted white and fastened within the frame rails.
4. An operable engine shut off switch required within easy reach of driver and must be clearly marked ‘OFF’ and ‘ON’
5. Cars/karts using alcohol fuel must have Snell flame retardant fire suit with an SFI-3.2.1 rating and a serviceable fire extinguisher in the pit area.
6. Numbers must be at least 20" tall on cars 6” on karts on contrasting background place on front and the tower side of car.
7. SNELL or DOT approved helmets are required. Should be no older than 4 years. Snell approved flame retardant fire suit with an SFI-3.2.1 rating or higher. Eye protection mandatory, long sleeves are recommended. Full-length pants are required for all drivers no open toed shoes.

Championship Points

1. Points will be cumulative throughout the entire season.
2. Feature – 50 points 1^st, 48 points 2^nd, 46 points 3^rd, and minus two points for each position thereafter.
3. You must finish race to receive trophy and or purse payout.
4. DNF will receive points.
5. DNS will receive 0 points (you must take the green flag to receive points)
6. DNS will receive 0 points and 0 pay-out

Sprint Car Protest Fees

1. Motor tear down (heads off) and cylinders inspected: $500. (If car is found to be legal or illegal the tech will retain $25)
2. P & G fuel test $500. (If car is found to be legal or illegal the tech will retain $25)
3. Other technical protest: $200 (If car is found to be legal or illegal the tech will retain $25)
4. Sprint car: Wing and chassis protest $100. (If car is found to be legal or illegal the tech will retain $25)
5. Drivers/crew chief and any person cheating or refuse tech.

·         1st offense - loose that nights points and money

·         2nd offense - loose that nights points and money and all accumulated points from the beginning of the season

1. The track retains the option to inspect for Tech violations any entry at the entrant’s own expense.
2. The Technical Official have the right to check weight, safety items, oil, tires, fuel, and or any part of the motor or chassis for violations at any time.
3. Only the driver and two pit crewmembers of the protested vehicle are allowed in the tech barn.

Kart Protest Fees

1. Competitor may pay a $50.00 bond to protest a kart in their division. A protest will be verbally accepted from the owner or driver only if his/her kart was in a race with the vehicle being protested. Cash must be accompanied with protest to the Tech. Protests must be made before start of feature race. Item to be inspected must be specified i.e.: engine, kart frame, weight or safety. If the kart is found to be legal $40.00 of the bond money will be forfeited to the protested party and $10.00 will be retained for Tech official. If the kart is found to be illegal $40.00 of the bond will be returned to the protester and $10.00 will be retained for the Tech official.
2. Drivers/crew chief and any person cheating or refuse tech.

·         1st offense - loose that nights points and money

·         2nd offense - loose that nights points and money and all accumulated points from the beginning of the season

1. The track retains the option to inspect for Tech violations any entry at the entrant’s own expense.
2. The Technical Official have the right to check weight, safety items, oil, tires, fuel, and or any part of the motor or chassis for violations at any time.
3. Only the driver and two pit crewmembers of the protested vehicle are allowed in the tech barn.

Uncle Sam (IRS) always gets the checker flag… first.

After the first of January, drivers whose winnings for the year total $600.00 or more will receive a 1099 form. Under the present law, the IRS considers your winnings "Hobby Income". If you win over $600.00, you must consider it taxable income.

On the 1099 you will find your name and Social Security number and the amount of money won at Texoma Motor Speedway for the tax year.

Our accountant will have sent a copy of this form to IRS; therefore you must report your winnings on your Federal Income Tax Return and retain a copy of the 1099 form with your other important tax records. If you have not picked up your 1099 form from the office, call us and we will mail it to you.

You may claim deductions to help cut down or completely eliminate the tax due on your winnings. Complete records of all expenses are a must if you expect a tax break.

Major repairs and cost of vehicle can be depreciated. Minor repairs, maintenance and operating expenses can be deducted in the year in which they are incurred. All competition entry fees are deductible, as is the cost of the physical examination that you should have each year.

If you are a traveling racer, meals, lodging and traveling expenses can be deducted from your winnings. Again, stress the importance of accurate records of expenditures and, in the case of travel, a complete log of mileage to and from race dates is acceptable by the IRS.