Rep. McCravy proposes the following amendment (LC-3514.PH0025H):

Amend the bill, as and if amended, SECTION 1, by striking Section 52-5-380(A) and inserting:

(A) There is established in the State Treasury the Equine Industry Development Fund. This fund is separate and distinct from the general fund of the State and all other funds. The fund shall consist of fees collected pursuant to Section 52-5-360(D) less those amounts retained by the commission pursuant to Section 11-60-100 and donations, contributions, bequests, or other gifts. The purpose of the fund is to provide grants to promote and improve the equine industry in the State. Earnings and interest on this fund must be credited to it and any balance at the end of a fiscal year will carry forward to the fund in the succeeding fiscal year.