2014 Kentucky Revised Statutes CHAPTER 230 - HORSE RACING AND SHOWING 230.445 Kentucky quarter horse, Appaloosa, and Arabian development fund -- Contributions -- Purposes -- Distribution -- Administrative regulations.
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230.445 Kentucky quarter horse, Appaloosa, and Arabian development fund
-- Contributions -- Purposes -- Distribution -- Administrative regulations.
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There is hereby created a trust and revolving fund for the Kentucky Horse
Racing Commission designated the Kentucky quarter horse, Appaloosa, and
Arabian development fund, consisting of money allocated to the fund under
KRS 230.3771 together with any other money contributed to or allocated to the
fund from all other sources. For the purposes of this section, "development
fund" or "fund" means the Kentucky quarter horse, Appaloosa, and Arabian
development fund. Money to the credit of the development fund shall be
distributed by the Treasurer for the purposes provided in this section, upon
authorization of the Kentucky Horse Racing Commission and upon approval of
the secretary of the Finance and Administration Cabinet. Notwithstanding KRS
45.229, money to the credit of the fund at the end of the fiscal year shall not
lapse but shall be carried forward in the fund to the succeeding fiscal year.
Interest earnings of the fund shall become a part of the fund and shall not
lapse. Moneys in the fund shall be used and are hereby appropriated for
purposes specified in this section.
The Kentucky Horse Racing Commission shall use the development fund to
promote races and to provide purses for races for horses bred and foaled in
the Commonwealth. The commission shall provide for distribution of money to
the credit of the development fund to persons, corporations, or associations
operating licensed tracks within Kentucky conducting quarter horse,
Appaloosa, or Arabian horse racing, on an equitable basis as determined by
the commission and in conformance with subsection (3) of this section.
The Kentucky Horse Racing Commission shall:
(a) Fix the amount of money to be paid from the development fund to be
added to the purse provided for each race by the licensed operator of the
track;
(b) Fix the dates and conditions of races to be held by licensed tracks; and
(c) Promulgate administrative regulations necessary to carry out the
provisions of this section.
Money from the fund shall be allocated to each breed of horse represented in
the fund in an amount equal to the amount the breed has contributed to the
fund.
The Kentucky Horse Racing Commission shall appoint qualified personnel as
necessary to:
(a) Supervise registration of, or determine the eligibility of, horses entitled to
entry in races which receive a portion of purse money from the
development fund; and
(b) Assist the commission in determining the conditions, class, and quality of
the fund-supported race program established to carry out the purposes of
this section.
The personnel shall serve at the pleasure of the commission and
compensation shall be fixed by the commission with the compensation and
necessary expenses of the personnel paid from the development fund.
The commission shall promulgate administrative regulations to carry out the
provisions of this section and shall administer the Kentucky quarter horse,
Appaloosa, and Arabian development fund in a manner designed to:
(a) Promote and aid in the development of the horse industry in Kentucky;
(b) Upgrade the quality of racing in Kentucky; and
(c) Improve the quality of horses bred in Kentucky.
Effective:July 15, 2010
History: Created 2010 Ky. Acts ch. 57, sec. 4, effective July 15, 2010.
Legislative Research Commission Note (7/15/2010). References to the
"Kentucky Horse Racing Authority" and "authority" in this section, as created by
2010 Ky. Acts ch. 57, sec. 4, have been changed in codification to the "Kentucky
Horse Racing Commission" and "commission" to reflect the reorganization of
certain parts of the Executive Branch, as set forth in Executive Order 2009-535
and confirmed by the General Assembly in 2010 Ky. Acts ch. 24. These
changes were made by the Reviser of Statutes pursuant to 2010 Ky. Acts
ch. 24, sec. 1938.
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