Section 15E: Financing of Horse Racing Division
This section is inserted by Act No 15 of 2021, section 35.
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
15E. Financing of Horse Racing Division
(1) The activities of the Horse Racing Division shall
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Building Fund.
(2) The Board shall approve the annual budget of the
Horse Racing Division and may, where necessary, authorise
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out of the General Fund.
(3) The Horse Racing Division shall maintain, with
a bank, an account through which –
(a) owners shall pay keep money;
(b) payment for acquisition of horses shall be
made; and
(c) jockeys shall be paid.
(f) by inserting, after section 16, the following new section –
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Questions this section answers
- What fund pays for the activities of the Horse Racing Division?
- Does an owner have to pay keep money into the Horse Racing Division's bank account?