California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 4 — Horse RacingArticle 9.5 — License Fees, Commissions, and PursesSection 19610.1
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.
Notes
Requires every harness-racing association that deducts 17.75% of total exotic parimutuel pool handle to use 1% of the total amount handled in those exotic pools to fund the California Standardbred Sires Stakes Program. Requires that 1% amount to be deposited into the separate trust account provided for the program.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 19610.1 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-4/article-9-5/section-19610-1