California Statutes

§ 19614.2. — 19614.2. (Amended by Stats. 2000, Ch. 1082, Sec. 106.)

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)In addition to the amounts otherwise deducted pursuant to this chapter, a fair, or an association conducting its meeting pursuant to Section 19549.1, may deduct from the total amount handled in daily double, quinella, exacta, and other multiple wagering pools approved by the board up to 3 percent thereof to be distributed as additional commissions and purses in the current year of the fair meet. Of the amount deducted, if any, 52.5 percent shall be distributed as additional purses and 47.5 percent shall be distributed as additional commissions. From the amount distributed as thoroughbred purses, a sum equal to 0.07 percent of the total amount handled shall be held by the association to be deposited with the official registering agency pursuant to subdivision (a) of Section 19617.2,

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California § 19614.2. (19614.2. (Amended by Stats. 2000, Ch. 1082, Sec. 106.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2000, Ch. 1082, Sec. 106. Effective January 1, 2001.

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