Funds to be used for purses at harness racing events at county fairs

All sums reported and paid to the corporation under the provisions of KRS 230.361 to 230.373 by any licensee conducting a harness race meeting shall be used by it for purses at harness racing events at county fairs within the Commonwealth of Kentucky that have been licensed and approved by it. The corporation may promulgate administrative regulations for the conduct of these races.