BILL NUMBER: AB 605	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Portantino

                        FEBRUARY 25, 2009

   An act to amend Section 19412 of the Business and Professions
Code, relating to horse racing, and making an appropriation therefor.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 605, as introduced, Portantino. Horse racing: proposition
parimutuel pool wagers.
   Existing law, for purposes of the Horse Racing Law, defines
"proposition parimutuel pool" as the total wagers under the
parimutuel system on propositions approved by the California Horse
Racing Board that are based on the results of a live quarter horse or
harness horse race or races.
   This bill would permit thoroughbred horse racing results to be
included in proposition parimutuel pool wagers.
   Under existing law, all revenues distributed to the state as
license fees from horse racing are required to be deposited in the
Fair and Exposition Fund and are continuously appropriated to the
Department of Food and Agriculture for various regulatory and general
governmental purposes.
   By expanding the definition of "proposition parimutuel pool"
wagering to apply to additional forms of horse racing, this bill
would authorize additional wagering, and would increase the amount of
continuously appropriated license fees, thereby making an
appropriation.
   Vote: 2/3. Appropriation: yes. Fiscal committee: yes.
State-mandated local program: no.


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

  SECTION 1.  Section 19412 of the Business and Professions Code is
amended to read:
   19412.  (a) "Conventional parimutuel pool" means the total wagers
under the parimutuel system on any horse or horses in a particular
race to win, place, or show.
   (b) "Exotic parimutuel pool" means the total wagers under the
parimutuel system on the finishing position of two or more horses in
a particular race, such as quinella or exacta wagers, or on horses to
win two or more races, such as daily double wagers, pick six wagers,
or on other wagers approved by the board.
   (c) "Proposition parimutuel pool" means the total wagers under the
parimutuel system on propositions approved by the board that are
based on the results of a live  thoroughbred horse,  quarter
horse  ,  or harness horse race or races.