California § 18888.2. 18888.2. (Added by Stats. 2023, Ch. 466, Sec. 1.)

California Statutes

§ 18888.2. — 18888.2. (Added by Stats. 2023, Ch. 466, Sec. 1.)

California·Code BPC Business and Professions Code - BPC·Div. 8. DIVISION 8. SPECIAL BUSINESS REGULATIONS·Ch. 2. CHAPTER 2. Boxing, Wrestling, and Martial Arts·Art. 17. ARTICLE 17. Mixed Martial Arts Retirement Benefit Fund

(a)The commission shall, consistent with the purposes of this article, establish the Mixed Martial Arts Retirement Benefit Fund for martial artists who engage in mixed martial arts contests in this state.

(b)

(1)The commission shall, consistent with the purposes of this article, establish the method by which the MMA Fund will be financed, including those who shall contribute to the financing of the MMA Fund.

(2)The method of financing the MMA Fund shall include any of the following:

(A)

(i)An assessment in the amount of one dollar ($1) on each ticket sold for a professional mixed martial arts contest held in the state.

(ii)The commission may raise, by regulation, the assessment authorized by this subparagraph to an amount not greater than two dollars ($2) per ticket.

(B)Revenue

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(a)
The commission shall, consistent with the purposes of this article, establish the Mixed Martial Arts Retirement Benefit Fund for martial artists who engage in mixed martial arts contests in this state.
(b)
(1)
The commission shall, consistent with the purposes of this article, establish the method by which the MMA Fund will be financed, including those who shall contribute to the financing of the MMA Fund.
(2)
The method of financing the MMA Fund shall include any of the following:
(A)
(i)
An assessment in the amount of one dollar ($1) on each ticket sold for a
professional mixed martial arts contest held in the state.
(ii)
The commission may raise, by regulation, the assessment authorized by this subparagraph to an amount not greater than two dollars ($2) per ticket.
(B)
Revenue through the sale of special interest license plates and other commission-branded items, including, but not limited to, sport paraphernalia and souvenirs.
(C)
Contributions by martial artists, managers, promoters, or any one or more of these persons, in an amount sufficient to finance the MMA Fund.
(c)
The MMA Fund shall be actuarially sound.

California § 18888.2. (18888.2. (Added by Stats. 2023, Ch. 466, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.