                                 CODE OF VIRGINIA

VIRGINIA BREEDERS FUND (§ 59.1-372)

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 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 of Virginia-bred horses that finish first, second, or third in races at
race meetings designated by the Commission, to the owners of Virginia sires of
Virginia-bred horses that finish first, second, or third in races at race
meetings designated by the Commission, to the owners of Virginia-bred horses
that win or earn purse money in nonrestricted races at racetracks in Virginia
licensed by the Commission, to the owners of Virginia-bred horses that win races
at race meetings designated by the Commission and for purses for races
restricted to Virginia-bred or Virginia-sired horses or both 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 Association.

HISTORY: 1988, c. 855; 1993, c. 146; 1997, c. 798; 2002, c. 852; 2023, c. 356.