4-31-11-8. Indiana Sires Racing Program
Sec. 8. Each development committee shall make recommendations to the commission concerning an Indiana sires racing program. If the commission establishes an Indiana sires racing program, only those horses that were sired by an Indiana stallion are eligible for races conducted under the program. Stallions residing in Indiana during the full length of the breeding […]
4-31-11-9. Recommendations to Commission
Sec. 9. (a) Each development committee may make recommendations to the commission concerning: (1) stakes races; (2) futurity races; (3) races only for horses owned by Indiana residents; (4) races only for horses sired by stallions standing in Indiana; (5) races only for horses foaled in Indiana; or (6) races for any combination of horses […]
4-31-11-10. Establishment of Separate Fund for Each Breed
Sec. 10. The commission may establish a separate breed development fund for each breed of horse that participates in racing meetings under this article. The development funds shall be administered by the commission. As added by P.L.341-1989(ss), SEC.2.
4-31-11-11. Composition of Fund
Sec. 11. Each development fund consists of: (1) breakage and outs paid into the fund under IC 4-31-9-10; (2) appropriations by the general assembly; (3) gifts; (4) stakes payments; (5) entry fees; and (6) money paid into the fund under IC 4-35-7-12. As added by P.L.341-1989(ss), SEC.2. Amended by P.L.24-1992, SEC.34; P.L.277-1993(ss), SEC.126; P.L.205-2013, SEC.66; […]
4-31-11-12. Investment of Funds
Sec. 12. The treasurer of state shall invest the money in each development fund not currently needed to meet obligations of that fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund. As added by P.L.341-1989(ss), SEC.2.