In the operation of the training and equestrian center, the net profits, if any, exclusive of those attributed to the running of the Carolina Cup and related races, must be retained for expansion or maintenance of the Springdale operation or annually be remitted to the State Treasurer and deposited in the Springdale Fund; but the Association may not retain or carry forward an amount exceeding thirty-five thousand dollars.
HISTORY: 1984 Act No. 313, Section 6.
Structure South Carolina Code of Laws
Title 52 - Amusements and Athletic Contests
Section 52-5-10. Race horses shall not be entered under assumed names or out of proper class.
Section 52-5-20. Name of horse shall not be changed.
Section 52-5-30. Determination of class.
Section 52-5-40. Misrepresenting or concealing former performance.
Section 52-5-100. Short title.
Section 52-5-110. Bequest of property to State for equestrian center.
Section 52-5-120. Establishment of "Springdale Fund"; sale of property.
Section 52-5-140. Equipment, machinery, and supplies.
Section 52-5-150. Use of profits from operation of training and equestrian center.