This legislation has been repealed.
In accordance with
section 16 of the Act the moneys received by the Association shall be
paid to the credit of the Fund but —
(a)
where the Association resolves that money shall be utilised for the purpose of
the development of greyhound racing grounds such moneys shall be dealt with by
way of a special account to be called the Racecourse Development Account; and
(b)
where the Association resolves that money shall be utilised for any other
special purpose approved by the Association it may be dealt with by way of a
special account to be comprised in the Fund.