42.—F28[(1)]The costs of integrity services provided by the Racing Regulatory Body shall be guaranteed by the Authority on the basis that the budget prepared by the Racing Regulatory Body of the costs of such services shall be submitted to and agreed annually with the Authority and the guarantee shall be limited to the amount of the costs of integrity services contained in the agreed budget.

F29[(2) If in respect of the costs of integrity services in any particular year, agreement is not reached between HRI and the Racing Regulatory Body on the budget—

(a) they may agree to the appointment of one expert or group of persons or consultancy to arbitrate on the cost of the provision of those services for that year and the decision of the expert or group or consultancy shall be final and binding on both parties, or

(b) in case they fail to agree to any such appointment to arbitrate on that cost, the Minister may appoint a person to so arbitrate and the decision of that person shall be final and binding on both parties.]

F30[(3) HRI shall account for and pay, without undue delay or any set off, counterclaim or deduction, to the Racing Regulatory Body any funds received by it—

(a) under section 39(1)(d),

(b) as a result of registration of hunter certificates or registration of participants in point-to-point steeplechases, or

(c) in the form of fines under the Rules of Racing,

and such amounts shall be taken into consideration when determining a budget for integrity services under subsection (1) after appropriate deductions for the reasonable requirements of the Racing Regulatory Body to ensure it maintains appropriate independent functions and infrastructure.]