California Statutes

§ 19612. — 19612. (Amended by Stats. 1998, Ch. 335, Sec. 24.)

California·Code BPC Business and Professions Code - BPC·Div. 8. DIVISION 8. SPECIAL BUSINESS REGULATIONS·Ch. 4. CHAPTER 4. Horse Racing·Art. 9.5. ARTICLE 9.5. License Fees, Commissions, and Purses
(a)Except as otherwise provided, every association which conducts a quarter horse race meeting or a harness horse race meeting shall pay a daily license fee at the rate of 0.4 percent of its daily conventional and exotic parimutuel handle.
(b)With respect to quarter horse meetings, all funds remaining from the deductions provided in Sections 19491, 19491.5, and 19610 after distribution of the license fee, shall be distributed 55 percent as commissions and 45 percent as purses. With respect to harness meetings, except for meetings conducted pursuant to Sections 19549.2 and 19549.6, the funds remaining from deductions provided in Section 19610, after distribution of the license fee, shall be distributed 59.5 percent as commissions and 40.5 percent as purses. For harness meetings conduc

Free access — add to your briefcase to read the full text and ask questions with AI

California § 19612. (19612. (Amended by Stats. 1998, Ch. 335, Sec. 24.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 1998, Ch. 335, Sec. 24. Effective January 1, 1999.

Nearby Sections

8
View on official source ↗