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CA AB2765
Bill
Status
9/18/2014
Primary Sponsor
Isadore Hall
Click for details
AI Summary
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Extends authorization for thoroughbred racing associations, fairs, and racing organizations to form a private statewide marketing organization from January 1, 2015 to January 1, 2019.
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Changes the annual written report submission deadline to the California Horse Racing Board from November 1 to October 1 each year.
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Limits the marketing organization's use of outside consultants to those with horse racing or other related gaming industry experience.
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Reenacts a requirement for racing associations and fairs to pay an additional 1.75% of purse deductions to owners' organizations for national marketing programs, effective until January 1, 2018.
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Specifies that funds collected for national marketing programs must be used exclusively for thoroughbred racing promotion, with unused funds returned to purse pools at the racing associations where they were raised.
Legislative Description
Horse racing: marketing organizations.
Last Action
Chaptered by Secretary of State - Chapter 430, Statutes of 2014.
9/18/2014