Sec. 22. (a) The veterinary school research account (referred to in this section as "the account") is established as an account within the state general fund. The account shall be administered by Purdue University. The account does not revert to the state general fund at the end of a state fiscal year.
(b) The account consists of money deposited in the account under IC 4-31-9-3.
(c) Money in the account is annually appropriated to the Purdue University School of Veterinary Medicine for use in equine research. Research conducted under this section must include but is not limited to research on the effects of drugs on the race performance of horses.
(d) Before January 15 of each year, the Purdue University School of Veterinary Medicine shall make a written report to the commission concerning:
(1) the uses of the money received by the school under this section; and
(2) the results of the research conducted by the school under this section.
As added by P.L.24-1992, SEC.42.