§ 617 - State stipend fund - Vermont Statutes

§ 617. State stipend fund

(a) [Deleted.]

(b) The state treasurer on or before February 1 of each year shall allocate one-half of one percent of all money wagered at pari-mutuel tracks, exclusive of money allocated to the state stipend fund under subsection (a) of this section, during the preceding year or $50,000.00, whichever is less, to the agency of agriculture, food and markets for distribution in accordance with the provisions of 31 V.S.A. § 621a. This fund shall be known as the Vermont Breeder's Stake. (Added 1959, No. 259, § 13; amended 1961, No. 246, § 9, eff. July 26, 1961; 1981, No. 208 (Adj. Sess.), § 1; 1989, No. 256 (Adj. Sess.), § 10(a), eff. Jan. 1, 1991; 1993, No. 60, § 91; 1993, No. 130 (Adj. Sess.), § 6; 2003, No. 42, § 2, eff. May 27, 2003.)