(a) A separate and distinct special fund is established in the Treasury of the Virgin Islands for promotion of horse racing in the Virgin Islands designated as the Thoroughbred Fund. Monies in the Thoroughbred Fund are administered by the Commission, through the Department of Finance.\n(b) The Fund consists of monies disbursed from the Horse Racetrack Casino Revenue Fund pursuant to section 901(b)(3).\n(c) Monies in the Fund must be used to stimulate the horse racing industry in the Virgin Islands through assistance with increased economic activity and vitality to enable the industry to improve its facilities and breeding stock and create and meet industry standards for the registration of all native thorough bred horses.
U.S. Virgin Islands Legal Code
902
U.S. Virgin Islands § 902 — U.S. Virgin Islands law