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CA SB1523
Bill
Status
Introduced
2/24/2012
Primary Sponsor
Tony Strickland
Click for details
AI Summary
- Establishes the Fund for Retired California Race Horses as a continuously appropriated fund in the State Treasury
- Requires the California Horse Racing Board to annually deposit 50% of stewards' penalties/fines and 50% of occupational license fees into the fund
- Board must develop a rehabilitation and retraining program for retired race horses implemented in partnership with a nonprofit 501(c)(3) organization selected by the board
- Prohibits fund allocations to the nonprofit organization from exceeding the total donations received by that organization in the year of allocation
- Nonprofit organization must submit annual budgets and quarterly financial statements to the board
Legislative Description
Horse racing: fund for retired race horses.
Last Action
Held in committee and under submission.
5/24/2012
Committee Referrals
Appropriations4/24/2012
Governmental Organization3/22/2012
Rules2/24/2012
Full Bill Text
No bill text available