California Statutes
§ 19642.1. — 19642.1. (Added by Stats. 2010, Ch. 283, Sec. 8.)
California·Code BPC Business and Professions Code - BPC·Div. 8. DIVISION 8. SPECIAL BUSINESS REGULATIONS·Ch. 4. CHAPTER 4. Horse Racing·Art. 10. ARTICLE 10. Revenue
In addition to the distributions specified in Sections 19605.7, 19605.71, and 19605.72, from the amounts that would normally be available for commissions and purses from wagering on all breeds, an amount not to exceed 0.05 percent of the total amount handled by each satellite wagering facility shall be distributed to the nonprofit organization designated by the board for purposes of maintaining a database of horse racing information to further the purposes of Section 19444. The amount distributable to the nonprofit organization initially shall be 0.05 percent of the total amount handled by each satellite wagering facility and may be adjusted by the board, in its discretion. The nonprofit organization shall annually submit its budget for the ensuing calendar year to the board at its
N
Free access — add to your briefcase to read the full text and ask questions with AI
California § 19642.1. (19642.1. (Added by Stats. 2010, Ch. 283, Sec. 8.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2010, Ch. 283, Sec. 8. (SB 1072) Effective January 1, 2011.