RELATES TO: KRS 230.218
NECESSITY, FUNCTION, AND CONFORMITY: KRS 230.218(3) requires
the Kentucky Horse Racing and Gaming Corporation to promulgate administrative
regulations for using the backside improvement fund to promote, enhance, and
improve the conditions of the backside of eligible racing associations in
Kentucky. This administrative regulation establishes requirements for the
backside improvement fund.
Section 1.
Definition. "Backside facilities" means those facilities located at
thoroughbred horse racing associations in Kentucky where:
(1) Horses are stabled and quartered;
and
(2) Stable employees work and
live.
Section 2.
Limitations. All monies disbursed by the corporation pursuant to KRS 230.218
shall be used solely for improvements to backside facilities.
Section 3. Application. An application for
monies from the backside improvement fund shall:
(1) Be submitted to the main office of the
corporation; and
(2) Include the
following:
(a) A prioritized list of all
proposed projects;
(b) A full
written and graphic description of each proposed project, with justification of
the need for each;
(c) An itemized
cost estimate of each proposed project; and
(d) Any contract in existence relating to the
proposed improvements.
Section 4. Consideration and Determination.
An application shall be approved or denied at either:
(1) The first regularly scheduled corporation
meeting that occurs after the application has been received; or
(2) At the second regularly scheduled
corporation meeting, if the application is received less than seven (7)
calendar days before a regularly scheduled corporation meeting.
(3) Approval of the application shall be
based on the likelihood that the proposal will promote, enhance, and improve
the conditions of the eligible backside facilities.
Section 5. Disbursements. All disbursements
of monies and other transactions between the corporation and the horse racing
association involved shall be according to the terms and conditions of the
project proposal as approved by the corporation.
