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CA SB977
Bill
AI Summary
- Removes the $2,000,000 cap on distributions to nonprofit corporations or trusts that provide endowment funds for qualified disabled jockeys from horse racing charity days
- Maintains the requirement that 20% of charity day racing net proceeds be distributed to a nonprofit corporation or trust serving disabled jockeys
- Requires nonprofit corporations or trusts to have directors or trustees serving without compensation except for reasonable expense reimbursement
- Mandates the nonprofit entity provide annual accounting and reports to the board showing compliance with requirements for assisting disabled jockeys
- Requires preference be given to jockeys disabled while racing or training at California licensed racing associations or approved training facilities
Legislative Description
Horse racing: charity racing days: nonprofit corporation or trust: distributions to qualified disabled jockeys.
Last Action
Chaptered by Secretary of State. Chapter 783, Statutes of 2018.
9/26/2018
Committee Referrals
Appropriations6/21/2018
Governmental Organization4/26/2018
Appropriations3/13/2018
Governmental Organization2/14/2018
Rules2/1/2018
Full Bill Text
No bill text available