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230.374 Payments to Kentucky Racing Health and Welfare Fund, Inc.
All sums reported and paid to the racing commission under the provisions of KRS
230.361 to 230.373, with the exception of funds paid under KRS 230.398, shall be paid
by the racing commission to the Kentucky Racing Health and Welfare Fund, Inc., a
nonprofit charitable corporation, organized for the benefit, aid, assistance, and relief of
Thoroughbred owners, trainers, jockeys, valets, exercise riders, grooms, stable attendants,
pari-mutuel clerks, and other Thoroughbred racing personnel employed in connection
with racing, and their spouses and children, who can demonstrate their need for financial
assistance connected with death, illness, or off-the-job injury and are not otherwise
covered by union health and welfare plans, workers' compensation, Social Security,
public welfare, or any type of health, medical, death, or accident insurance. These sums
shall be paid on or before December 31 in each year, however, no payments shall be
made by the racing commission to the Kentucky Racing Health and Welfare Fund, Inc.,
unless the racing commission and the Auditor of Public Accounts are satisfied that the
fund is in all respects being operated for the charitable and benevolent purposes as set
forth in this section and that no part of the funds paid to the fund by the racing
commission or any net earnings of the fund inure to the benefit of any private individual,
director, officer, or member of the fund or any of the persons who turned over sums to the
racing commission representing unclaimed pari-mutuel tickets.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 473, effective July 15, 2010. -- Amended
2004 Ky. Acts ch. 191, sec. 29, effective July 13, 2004. -- Amended 1998 Ky. Acts
ch. 237, sec. 8, effective July 15, 1998. -- Amended 1992 Ky. Acts ch. 109, sec. 27,
effective March 30, 1992. -- Amended 1988 Ky. Acts ch. 376, sec. 9, effective July
15, 1988. -- Amended 1986 Ky. Acts ch. 214, sec. 8, effective July 15, 1986. -Created 1978 Ky. Acts ch. 307, sec. 14, effective June 17, 1978.
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