California § 19613.5. 19613.5. (Added by Stats. 1980, Ch. 76, Sec. 2.)

California Statutes

§ 19613.5. — 19613.5. (Added by Stats. 1980, Ch. 76, Sec. 2.)

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

Notwithstanding any other provision of this chapter, of the amount deducted for license fees, commissions, and purses from parimutuel pools at a racing meeting an amount may be retained and distributed for payment of any actual losses sustained at the meeting on parimutuel minus pools prior to the distribution of license fees, commissions, and purses. The proportion of license fees, commissions, and purses distributed for payment of such parimutuel minus pools shall be in the same proportion as they would be distributed in the provision under which they were deducted.

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Notwithstanding any other provision of this chapter, of the amount deducted for license fees, commissions, and purses from parimutuel pools at a racing meeting an amount may be retained and distributed for payment of any actual losses sustained at the meeting on parimutuel minus pools prior to the distribution of license fees, commissions, and purses. The proportion of license fees, commissions, and purses distributed for payment of such parimutuel minus pools shall be in the same proportion as they would be distributed in the provision under which they were deducted.

California § 19613.5. (19613.5. (Added by Stats. 1980, Ch. 76, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.