|
|
Application of funds of the Board.
|
16.—(1) The Board may apply its funds for all or any of the following purposes:
|
|
| |
(a) the payment of expenses incurred by it in the exercise and performance of its powers and duties under this Act,
|
|
| |
(b) the payment of any moneys in accordance with the terms of any totalisator licence held by it,
|
|
| |
(c) the making of payments, grants or loans for all or any one or more of the following purposes:
|
|
| |
(i) the increase of stake money and prizes at greyhound race meetings at greyhound race tracks and authorised coursing meetings,
|
|
| |
(ii) the reduction of entry fees and similar charges in respect of greyhounds competing in events forming items at such meetings,
|
|
| |
(iii) the carriage of greyhounds competing in such events,
|
|
| |
(iv) the improvement of greyhound race tracks, authorised coursing grounds and the amenities thereof,
|
|
| |
(v) the preservation of hares, and the care and management of hares in connection with authorised coursing meetings,
|
|
| |
(vi) assisting the Club in the performance of its functions or contributing to the cost of schemes operated by the Club for the improvement and development of greyhound breeding and coursing,
|
|
| |
(vii) any purpose conducive to the development of the export trade in greyhounds,
|
|
| |
(viii) any other purpose conducive to the improvement and development of the greyhound industry.
|
|
| |
(2) The Board may attach to any grant or loan made or proposed to be made by it under this section such conditions as the Board thinks proper.
|
