                                 CODE OF VIRGINIA

HORSE BREEDER INCENTIVE PROGRAM (§ 3.2-106)

A. It is the policy of the Commonwealth to encourage the growth of all segments
of its agricultural industry. The General Assembly finds that the horse breeding
industry has a significant impact on the Commonwealth&#8217;s economy and that
it is to the Commonwealth&#8217;s benefit to encourage, expand, and develop
horse breeding farms with programs providing financial incentives to breeders
that will encourage and supplement private capital.

B. To the extent that public or private funds become available, the Department
may establish a program of financial incentives designed to encourage, expand,
and develop the breeding of horses in the Commonwealth. The Department shall
adopt appropriate regulations for the administration of the program. Such
regulations shall provide for the distribution of financial awards to breeders
only to the extent that public funds made available to the Department for the
program are matched dollar for dollar by private funds. The regulations shall
also provide that no single breeder shall receive, in any one calendar year,
more than 10 percent of the public funds made available to the Department for
the program during that year. Awards made under any such incentive program shall
be limited to horses foaled in the Commonwealth that are owned by breeders who
are actively engaged in the breeding of horses in the Commonwealth.

HISTORY: 1981, c. 140, § 3.1-741.2; 2008, c. 860.