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1997 SESSION
973483620Patrons-- Bolling, Couric, Potts and Waddell; Delegates: Guest, Hargrove, May, Mims and Van Yahres
Be it enacted by the General Assembly of Virginia:
1. That § 59.1-372 of the Code of Virginia is amended and reenacted as follows:
§ 59.1-372. Virginia Breeders Fund.
There is hereby created within the State Treasury the Virginia Breeders Fund,
which fund, together with the interest thereon, shall be administered in
whole or in part by the Commission or by an entity designated by the
Commission. The cost of administration of administering
and promoting the fund shall be deducted from the fund and the balance
shall be disbursed by the Commission or designated entity to the
breeders [ and owners ] of Virginia-bred horses that win races
in Virginia at race meetings designated by the
Commission, to the owners of Virginia sires of Virginia-bred horses that
win races in Virginia at race meetings designated by the
Commission [ , to the owners of Virginia-bred horses that win
non-restricted races at racetracks in Virginia licensed by the Commission
] and for purses for races restricted to Virginia-bred horses [
at race meetings designated by the Commission
] . To assist it in establishing this awards and incentive program to foster
the industry of breeding racehorses in Virginia, the Commission shall appoint
an advisory committee composed of two members from each of the registered breed
associations representing each breed of horse participating in the fund
program, one member representing the owners and operators of racetracks and one
member representing all of the meets sanctioned by the National Steeplechase
and Hunt Association.