(a) The secretary of state shall promulgate rules regulating the licensing or other
authorized use of the “Bucking Horse and Rider” and related trademarks.
(b) Any licensing fees, royalties or other revenues collected by the secretary of
state under this section shall be deposited into a separate account. The legislature shall by appropriation authorize expenditures from the account as
necessary to defray administrative expenses associated with licensing of the trademark
and expenditures required to protect, preserve and promote the “Bucking Horse and
Rider” and related trademarks on behalf of the state.
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