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California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 2 — Boxing, Wrestling, and Martial ArtsArticle 17 — Mixed Martial Arts Retirement Benefit FundSection 18888.10

(a) The administration of the MMA Fund shall be contingent upon the availability of funds collected pursuant to paragraph (2) of subdivision (b) of Section 18888.2, which do not divert or detract from funds currently utilized to fund existing functions of the commission.

(b) In the absence of funding adequate to meet the requirements of this article, this article does not impose any obligations upon the department, the commission, or the MMA Fund.

Notes

Limits administration of the Mixed Martial Arts Retirement Benefit Fund to the availability of funds collected under the specified financing provision without diverting or detracting from money used for existing commission functions. If funding is inadequate to satisfy the article, the article imposes no obligations on the department, commission, or fund.

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Lexinter.net | California Code, Business and Professions Code - BPC § 18888.10 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-2/article-17/section-18888-10

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