198v

The amount corresponding to the General Fund from unclaimed prizes shall be covered into the special account of the Puerto Rico Horse Racing Industry and Sport Administration. The latter shall use said funds as an incentive so that the horse owners may acquire more and better thoroughbred horses. The use of said funds shall be promulgated through regulations, which must be approved by the Horse Racing Board. The funds shall be used, but its uses shall not be limited to, allow the Administration to make donations and grant low-interest loans to owners for the acquisition of racehorses, as well as to acquire studhorses of proven quality to donate or lease their services at reasonable cost. History —July 2, 1987, No. 83, p. 296, added as § 27 on June 5, 2004, No. 139, § 16.