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CA AB2637
Bill
Status
8/21/2014
Primary Sponsor
Isadore Hall
Click for details
AI Summary
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Increases the minimum distribution from charity day horse racing proceeds to charities associated with the horse racing industry from 20% to 30%
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Removes the California Horse Racing Board's authority to allocate a maximum of 28 racing days annually to county fairs in the northern zone that did not conduct horse racing prior to January 1, 1985
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Corrects an outdated cross-reference in the Horse Racing Law relating to parimutuel wagering regulations
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Maintains existing requirements that 5% of charity day distributions go to a welfare fund for racing workers and 5% to assistance programs for horsemen and backstretch personnel affected by substance abuse
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Preserves the requirement that 20% of distributions fund endowment accounts to assist disabled jockeys, with distributions ceasing once the nonprofit corporation or trust reaches $2 million in cumulative distributions
Legislative Description
Horse racing: parimutuel wagering and charity racing days.
Last Action
Chaptered by Secretary of State - Chapter 241, Statutes of 2014.
8/21/2014