California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 2 — Boxing, Wrestling, and Martial ArtsArticle 17 — Mixed Martial Arts Retirement Benefit FundSection 18888.2
(a) The commission shall, consistent with the purposes of this article, establish the Mixed Martial Arts Retirement Benefit Fund for martial artists who engage in mixed martial arts contests in this state.
(b)(1) The commission shall, consistent with the purposes of this article, establish the method by which the MMA Fund will be financed, including those who shall contribute to the financing of the MMA Fund.
(2) The method of financing the MMA Fund shall include any of the following:
(A)(i) An assessment in the amount of one dollar ($1) on each ticket sold for a professional mixed martial arts contest held in the state.
(ii) The commission may raise, by regulation, the assessment authorized by this subparagraph to an amount not greater than two dollars ($2) per ticket.
(B) Revenue through the sale of special interest license plates and other commission-branded items, including, but not limited to, sport paraphernalia and souvenirs.
(C) Contributions by martial artists, managers, promoters, or any one or more of these persons, in an amount sufficient to finance the MMA Fund.
(c) The MMA Fund shall be actuarially sound.
Notes
Requires the commission to establish an actuarially sound Mixed Martial Arts Retirement Benefit Fund for martial artists competing in California and set its financing. Funding must include one or more listed sources: a $1 ticket assessment that regulations may raise to at most $2, special-interest license plate or commission-branded-item revenue, and contributions from martial artists, managers, promoters, or their combinations.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 18888.2 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-2/article-17/section-18888-2