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California Law (Last Updated: March 4, 2014) |
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Business and Professions Code - BPC |
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Division 8. SPECIAL BUSINESS REGULATIONS |
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Chapter 4. Horse Racing |
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ARTICLE 9.5. License Fees, Commissions, and Purses |
Section 19610.1.
Latest version.
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Every association which conducts a harness racing meeting and deducts 17.75 percent of the total amount handled in exotic parimutuel pools shall use 1 percent of the total amount handled in the exotic parimutuel pools to fund the California Standardbred Sires Stakes Program. The 1 percent shall be deposited into the separate trust account provided for in Section 19619.
(Added by Stats. 1984, Ch. 1739, Sec. 2. Effective September 30, 1984.)