Horse racing: audits of the horsemen’s organizations: license fee deposits: minisatellite wagering facilities.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Passed
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill modifies regulations related to horse racing and minisatellite wagering facilities in California. It removes a 90-day deadline for conducting annual audits of horsemen’s organizations’ financial records and allows the California Horse Racing Board to grant exceptions to the audit requirement. The bill also requires agreements between associations/fairs and minisatellite wagering facilities to explicitly specify which live in-state races will be provided to the site, and ensures that these agreements are subject to horsemen’s and horsewomen’s approval.
Key provisions
- Eliminates the 90-day deadline for conducting annual audits of horsemen’s organizations’ financial records.
- Authorizes the California Horse Racing Board to grant exceptions to the audit requirement.
- Requires agreements between associations/fairs and minisatellite wagering facilities to specify which live in-state races will be provided.
- Requires horsemen’s and horsewomen’s organizations to approve purse agreements related to the provision of live races.
- Makes nonsubstantive changes to the existing legislation.
- Specifies conditions for approving additional minisatellite wagering sites.
- Requires parimutuel clerks at minisatellite wagering locations.
- Treats wagers at minisatellite wagering sites similarly to those at satellite wagering facilities for commission purposes.
Who is affected
- Horsemen’s Organizations
Bill text
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Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Committee on Governmental Organization
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