Kentucky Statutes 230.550 – Creation of Equine Industry Program — Purpose — Funding
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(1) There is hereby established an Equine Industry Program at the University of Louisville, under the general control and direction of the university. The purpose of the Equine Industry Program is to provide training and educational opportunities in the horse racing industry relating to, but not limited to, finance, management, marketing, regulation and administration aspects of the horse racing industry, in accordance with the industry needs as determined by the university.
(2) There is hereby created a trust and revolving fund for equine industry programs at the University of Louisville, the University of Kentucky, and the Bluegrass Community and Technical College, consisting of money allocated to the fund together with money as may be contributed to the fund from all other sources. Money to the credit of the fund at the end of each fiscal year shall not lapse but shall be carried forward to the succeeding fiscal year.
(3) The University of Louisville shall utilize personnel and facilities of the University of Kentucky and the Bluegrass Community and Technical College when appropriate for assistance in any cooperative undertakings the University of Louisville may wish to enter into with the University of Kentucky or the Bluegrass Community and Technical College relating to the Equine Industry Program.
Effective: July 14, 2022
History: Amended 2022 Ky. Acts ch. 124, sec. 22, effective July 14, 2022. — Created
1986 Ky. Acts ch. 214, sec. 12, effective July 15, 1986.
(2) There is hereby created a trust and revolving fund for equine industry programs at the University of Louisville, the University of Kentucky, and the Bluegrass Community and Technical College, consisting of money allocated to the fund together with money as may be contributed to the fund from all other sources. Money to the credit of the fund at the end of each fiscal year shall not lapse but shall be carried forward to the succeeding fiscal year.
Terms Used In Kentucky Statutes 230.550
- 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.
- Year: means calendar year. See Kentucky Statutes 446.010
(3) The University of Louisville shall utilize personnel and facilities of the University of Kentucky and the Bluegrass Community and Technical College when appropriate for assistance in any cooperative undertakings the University of Louisville may wish to enter into with the University of Kentucky or the Bluegrass Community and Technical College relating to the Equine Industry Program.
Effective: July 14, 2022
History: Amended 2022 Ky. Acts ch. 124, sec. 22, effective July 14, 2022. — Created
1986 Ky. Acts ch. 214, sec. 12, effective July 15, 1986.