Kentucky Horse Breeders’ Incentive Fund Announces Awards
Thursday, April 19, 2007
On Monday, April 16, 2007 the Kentucky Horse Racing Authority on the recommendation of the Horse Breeders’ Incentive Fund Advisory Committee approved nine applications for the Fund. This application period will cover the years 2006, 2007, and 2008.
For the 12 month collection period of July 1, 2005 through June 30, 2006, the Department of Revenue collected and transferred $1,131,706 to the Kentucky Horse Breeders Incentive Fund account. These monies will account for the 2006 calendar year awards for this fund.
Each affiliate will be responsible for providing to the KHRA an audited and verified results report from the 2006 contests. These results should mirror the distribution proposals that accompanied each application. After the results have been verified for 2006 the KHRA will provide each affiliate with a Claim Form for Award that affiliates will mail to their award winners for 2006 and upon completion and when returned to the Authority we will start the payment process.
Summary of Distributions
Kentucky Appaloosa Owners Association
The Kentucky Appaloosa Owners Association will receive $50,861 from the fund for this calendar year under the current submitted application, and 4.49% of collected fees for the application period.
South Central Hackney Association
The South Central Hackney Association will receive $13,554 from the fund for this calendar year under the current submitted application, and 1.20% of collected fees for the application period.
Kentucky Morgan Horse Association
The Kentucky Morgan Horse Association will receive $13,937 from the fund for this calendar year under the current submitted application, and 1.23% of collected fees for this application period.
Kentucky Mountain Horse Association
The Mountain Horse Association will receive $136,447 from the fund for this calendar year under the current submitted application, and 12.06% of collected fees for this application period.
Kentucky Paint Horse Association
The Kentucky Paint Horse Club would receive $95,263 from the fund for this calendar year under the current submitted application, and 8.42% of fees collected for this application period.
Kentucky Paso Fino Horse Association
The Kentucky Paso Fino Horse Association will receive $11,680 from the fund for this calendar year under the current submitted application, and 1.03% of fees collected for this application period.
Kentucky Quarter Horse Association
The Kentucky Quarter Horse Association will receive $368,942 from the fund for this calendar year under the current submitted application, and 32.60% of fees collected for this application period.
Kentucky Saddlebred Owners and Breeders Association
The Kentucky Saddlebred Owners and Breeders Association will receive $120,919 from the fund for this calendar year under the current submitted application, and 10.68% of fees collected for this application period.
Kentucky Walking Horse Association
The Kentucky Walking Horse Association will receive $320,103 from the fund for this calendar year under the current submitted application, and 28.28% of fees collected for this application period.
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