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CA SB1227
Bill
AI Summary
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Amends Section 19614 of the Business and Professions Code to redirect the 1% deduction from daily conventional and exotic parimutuel pools at fair racing associations away from the Fair and Exposition Fund.
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Requires the 1% deduction to instead be distributed 50% to the fair as commissions and 50% to horsemen and horsewomen as purses.
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Eliminates the previous requirement that these funds be deposited in the Fair and Exposition Fund for recreational and cultural facility construction or operation.
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Specifies that no state reimbursement is required under Article XIII B of the California Constitution because any local costs result from changes to criminal penalties under the Horse Racing Law.
Legislative Description
Horse racing: parimutuel pool funds.
Last Action
Set, second hearing. Held in committee and under submission.
8/16/2012