71 IAC 13-1-6
71 IAC 13-1-6 Expenditure of funds
Cite as Ind. Admin. Code tit. 71, r. 13-1-6
Sec. 6. All monies allocated to a registered horsemen's association for equine promotion or welfare, backside benevolence, or the necessary
operations of a horsemen's association required to implement and fulfill the purposes of IC 4-35-7-12 shall be expended or held in
reasonable reserve by a registered horsemen's association in the amounts and for the purposes specified by IC 4-35-7-12.