KRS 230.374: Payments to Kentucky Racing Health and Welfare Fund, Inc.

All sums reported and paid to the corporation under the provisions of KRS 230.361 to

230.373, with the exception of funds paid under KRS 230.3612 and 230.398, shall be

paid by the co rporation to the Kentucky Racing Health and Welfare Fund, Inc., a

nonprofit charitable corporation, organized for the benefit, aid, assistance, and relief of

Thoroughbred owners, trainers, jockeys, valets, exercise riders, grooms, stable attendants,

pari-mutuel clerks, and other Thoroughbred racing personnel employed in connection

with racing, and their spouses and children, who can demonstrate their need for financial

assistance connected with death, illness, or off -the-job injury and are not otherwise

covered by union health and welfare plans, workers' compensation, Social Security,

public welfare, or any type of health, medical, death, or accident insurance. These sums

shall be paid on or before December 31 in each year, however, no payments shall be

made by the corporation to the Kentucky Racing Health and Welfare Fund, Inc., unless

the corporation and the Auditor of Public Accounts are satisfied that the fund is in all

respects being operated for the charitable and benevolent purposes as set forth in thi s

section and that no part of the funds paid to the fund by the corporation or any net

earnings of the fund inure to the benefit of any private individual, director, officer, or

member of the fund or any of the persons who turned over sums to the corporati on

representing unclaimed pari-mutuel tickets.