BILL NUMBER: AB 1308	CHAPTERED  10/10/07

	CHAPTER  410
	FILED WITH SECRETARY OF STATE  OCTOBER 10, 2007
	APPROVED BY GOVERNOR  OCTOBER 10, 2007
	PASSED THE SENATE  AUGUST 30, 2007
	PASSED THE ASSEMBLY  MAY 7, 2007

INTRODUCED BY   Assembly Member Torrico

                        FEBRUARY 23, 2007

   An act to add Section 19601.01 to the Business and Professions
Code, relating to horse racing.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1308, Torrico. Horse racing.
   Existing law authorizes a licensed racing association or fair that
conducts a live race meeting to accept wagers on any race in the
state, as specified.
   This bill would authorize a thoroughbred association or fair,
subject to approval by the board, to deduct from the parimutuel pool
for any type of wager, a specified percentage for the meeting of the
thoroughbred association or fair that accepts the wager.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 19601.01 is added to the Business and
Professions Code, to read:
   19601.01.  Notwithstanding any other provision of law, a
thoroughbred association or fair, subject to approval by the board,
may deduct from the total amount handled in the parimutuel pool for
any type of wager, an amount of not less than 10 percent nor more
than 25 percent at the joint request of the thoroughbred association
or fair and the horsemen's organization for the meeting of the
thoroughbred association or fair accepting the wager. The amount
deducted shall be distributed as prescribed in this chapter.