Irish Horseracing Industry Act, 1994

Funds of Racing Regulatory Body.

41.—(1) All revenue from the management of funds held by the Racing Regulatory Body collected or acquired in the course of performing its functions under this Act and all revenue from funds held by that Body on the establishment day on behalf of racehorse owners or persons licensed by the Racing Regulatory Body under the Rules of Racing shall be taken into account in determining any charges made by it under section 40 .

(2) The funds referred to in subsection (1) under the control of the Racing Regulatory Body shall be held and accounted for separately by that Body and a report shall be made to the Authority in such form and at such intervals as the Authority may require in respect of such funds.