Virginia Administrative Code
Title 2 - AGRICULTURE
Agency 5 - DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES
Chapter 220 - VIRGINIA HORSE BREEDER INCENTIVE PROGRAM
Section 2VAC5-220-70 - SEO payee determination
Current through Register Vol. 41, No. 3, September 23, 2024
The appropriate SEO (according to the normal operating business procedure of its breed group) must define who is to receive the private financial award and, thus, any available public matching money.
For purposes of distribution of public matching funds, one of the following definitions must be adopted by the SEO and be so stated in its application for acceptance into the program:
1. The recipient of matching public money will be the legal owner (regardless of whether the breeder of record) of the animal at the time of the animal's competition win. This competition win must be in a futurity, show, or race included in the program of the individual SEO.
2. The recipient of matching public money will be the breeder of record (as duly recorded with the appropriate state or national breed association) regardless of ownership at the time of the deciding competition.
3. At no time may public matching money be awarded to any person not receiving the private financial reward from the SEO. Public money will only be awarded on a matching basis to private money awarded to individuals by the SEO.
Statutory Authority
§ 3.2-106 of the Code of Virginia.
