BILL NUMBER: AB 2414	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member John A. Perez

                        FEBRUARY 19, 2010

   An act to add Section 19601.02 to the Business and Professions
Code, relating to horse racing.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2414, as introduced, John A. Perez. Horse racing: thoroughbred
racing: Breeders' Cup: wagering deduction.
   Existing law authorizes a thoroughbred association or fair,
subject to approval by the California Horse Racing 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.
   This bill would authorize a thoroughbred association hosting
Breeders' Cup races, upon filing a written notice with the board, to
deduct from the parimutuel pool for any type of wager made during the
days on which Breeders' Cup races are held, a specified percentage.
The bill would require the written notice to include the written
agreement of the thoroughbred association and the horsemen's
organization. The bill would require the amount deducted to be
distributed as prescribed in the Horse Racing Law.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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

  SECTION 1.  Section 19601.02 is added to the Business and
Professions Code, to read:
   19601.02.  Notwithstanding any other law, a thoroughbred
association hosting the series of thoroughbred championship races
known as the "Breeders' Cup" races may, upon filing a written notice
with the board, deduct from the total amount handled in the
parimutuel pool for any type of wager made during the days on which
Breeders' Cup races are held, an amount of not less than 10 percent
nor more than 25 percent. The written notice shall include the
written agreement of the thoroughbred association and the horsemen's
organization for the meeting of the thoroughbred association
accepting the wager. The amount deducted shall be distributed as
prescribed in this chapter.