California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 4 — Horse RacingArticle 4 — Licenses for Track OperatorsSection 19493
Upon the termination of the horse racing meeting for which a license has been granted:
(a) If the licensee has fully paid the license fee imposed by this article, the sum deposited with the application for the license shall be returned to the licensee.
(b) If the licensee fails, refuses, or neglects to pay such fee, the amount thereof shall be deducted from the sum deposited and the balance, if any, shall be returned to the licensee.
Notes
Requires return of a racing license applicant's deposit after the licensed meeting ends if the licensee has fully paid the license fee. If the licensee fails, refuses, or neglects to pay the fee, the unpaid amount must be deducted from the deposit and only any remaining balance returned to the licensee.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 19493 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-4/article-4/section-19493