California Law (Last Updated: March 4, 2014) |
Business and Professions Code - BPC |
Division 8. SPECIAL BUSINESS REGULATIONS |
Chapter 4. Horse Racing |
ARTICLE 4. Licenses for Track Operators |
Section 19491.6.
Latest version.
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Except as provided in subdivision (b) of Section 19612, the exempt amount retained by the association shall be regularly deposited in a separate account with a depository approved by the board. The funds deposited shall be distributed as purses.
(Amended by Stats. 1980, Ch. 1043, Sec. 9.)