Sec. 10. (a) The standardbred horse fund is established.

     (b) The money received by the Indiana horse racing commission under this chapter shall be deposited in the standardbred horse fund. Money remaining in the standardbred horse fund at the end of a state fiscal year does not revert to the state general fund.

Terms Used In Indiana Code 15-19-2-10

  • board: refers to the Indiana standardbred advisory board established by section 2 of this chapter. See Indiana Code 15-19-2-1
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
     (c) After considering the recommendations of the advisory board, the Indiana horse racing commission may disburse money from the standardbred horse fund for any purpose described in section 8 of this chapter.

     (d) The Indiana horse racing commission shall pay any expense incurred in administering this chapter from the standardbred horse fund.

     (e) Money in the fund is continuously appropriated to the Indiana horse racing commission to carry out the purposes of this chapter.

[Pre-2008 Recodification Citation: 15-5-5.5-9.5.]

As added by P.L.2-2008, SEC.10. Amended by P.L.217-2017, SEC.84.

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