(1) The equine health and welfare fund is created in the State Treasury as a trust and agency account to be administered by the council for the purposes provided in this section. (2) Notwithstanding KRS 45.229, any moneys accruing to this fund in any fiscal ye ar, including state appropriations, gifts, grants, federal funds, interest, and any other funds both public and private, shall not lapse but shall be carried forward to the next fiscal year. (3) Any interest earnings of the fund shall become a part of the fund and shall not lapse. (4) Moneys received in the fund shall be used for carrying out the provisions of KRS 257.472 to 257.476.
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