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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 19612.3.
Latest version.
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(a) Notwithstanding any other provision of law, with respect to harness racing associations other than those conducting a meeting pursuant to Section 19612.6, an additional 1 percent of the parimutuel pool shall be retained and shall be distributed equally between purses and commissions.
(b) With respect to harness racing associations conducting a meeting pursuant to Section 19549.2 or 19612.6, an additional 1 percent of the parimutuel pool shall be retained and shall be distributed as additional commissions.
(Amended by Stats. 1994, Ch. 311, Sec. 11. Effective July 21, 1994.)