Section 71IAC13-1-6. Expenditure of funds

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All monies allocated to a registered horsemen's association for equine promotion or welfare, backside benevolence, or the necessary operations of a horsemen's association required to implement and fulfill the purposes of IC 4-35-7-12 shall be expended or held in reasonable reserve by a registered horsemen's association in the amounts and for the purposes specified by IC 4-35-7-12. (Indiana Horse Racing Commission; 71 IAC 13-1-6; emergency rule filed Jul 11, 2008, 2:13 p.m.: 20080723-IR-071080595ERA; readopted filed Nov 21, 2014, 2:25 p.m.: 20141217-IR-071140403RFA)

                    
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