KRS 230.550: Creation of Equine Industry Program -- Purpose -- Funding.

(1) There is hereby established an Equine Industry Program at the University of

Louisville, under the general control and direction of the university. The purpose of

the Equine Industry Program is to provide training and educational opportunities in

the horse racing industry relating to, but not limited to, finance, management,

marketing, regulation and administration aspects of the horse racing industry, in

accordance with the industry needs as determined by the university.

(2) There is hereby created a trust and revolving fund for equine industry programs at

the University of Louisville, the University of Kentucky, and the Bluegrass

Community and Technical College, consisting of money allocated to the fund

together with money as may be contributed to the fund from all other sources.

Money to the credit of the fund at the end of each fiscal year shall not lapse but shall

be carried forward to the succeeding fiscal year.

(3) The University of Louisville shall utilize personnel and facilities of the University

of Kentucky and the Bluegrass Community and Technical College when appropriate

for assistance in any cooperative undertakings the University of Louisville may

wish to enter into with the University of Kentucky or the Bluegrass Community and

Technical College relating to the Equine Industry Program.