§ 1405.1. Protection of funds.

208 words·~1 min read·/pa/title-4/chapter-14/1405-1·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Payment.-- Daily assessments collected or received by the department under section 1405 (relating to Pennsylvania Race Horse Development Trust Fund) are not funds of the Commonwealth. The daily assessments shall be paid by the State Treasurer as directed by the department to each active and operating Category 1 licensee conducting live racing for the obligations of Category 1 licensees in accordance with section 1406 (relating to distributions from Pennsylvania Race Horse Development Trust Fund). The Commonwealth shall not be rightfully entitled to any money described under this section and sections 1405 and 1406.

(b)Eligible recipients.-- Funds allocated to the horsemen's organization under this part must be used to benefit all horsemen. Funds acquired from other sources shall be kept separate and apart from funds obtained under this part.

(c)Applicability.-- This section shall not apply to 3 Pa.C.S. § 9313 (relating to budget) for promotion of horse racing, 3 Pa.C.S. § 9374 (relating to costs of enforcement of medication rules or regulations) and the annual transfer of $19,659,000 under section 1723-A.1 of the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code.

04c1405.1v

(Oct. 30, 2017, P.L.419, No.42, eff. imd.)

2017 Amendment. Act 42 added section 1405.1.

04c1406s