California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 4 — Horse RacingArticle 9.2 — Satellite WageringSection 19607.2

Notwithstanding Section 19605.8, when satellite wagering is conducted on thoroughbred races at associations or fairs in the northern zone, an amount not to exceed 2 percent of the total amount handled by all of those satellite wagering facilities shall be deducted from the funds otherwise allocated for distribution as commissions, purses, and owners’ premiums and instead be distributed to an organization formed and operated by thoroughbred racing associations, fairs conducting thoroughbred racing, and the organization representing thoroughbred horsemen and horsewomen, for use pursuant to Section 19607.3. A vote of the organization representing thoroughbred horsemen and horsewomen shall constitute 50 percent of all voting interests on the board of the organization formed and operated to administer the fund. The other 50 percent of all voting interests shall be allocated among thoroughbred racing associations and fairs conducting thoroughbred racing in a manner that provides meaningful representation on the governing board of the organization for thoroughbred racing associations and fairs conducting thoroughbred racing, except as provided in subdivision (h) of Section 19607.3.

Notes

Allows up to 2% of northern-zone satellite handle on thoroughbred races to be redirected from commissions, purses, and owners' premiums to an organization formed by thoroughbred racing associations, thoroughbred fairs, and the horsemen's organization. Gives horsemen 50% of governing-board voting interests and requires the other 50% to provide meaningful representation to racing associations and fairs, subject to the referenced exception.

Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 19607.2 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-4/article-9-2/section-19607-2

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