California Legislature—2013–14 Regular Session

Assembly Bill No. 432

Introduced by Assembly Member V. Manuel Pérez

February 15, 2013

An act to add Section 19604.6 to the Business and Professions Code, relating to horse racing.

LEGISLATIVE COUNSEL’S DIGEST

AB 432, as introduced, V. Manuel Pérez. Horse racing: exchange wagering.

(1) Existing law authorizes exchange wagering and authorizes the California Horse Racing Board to recover any costs associated with the licensing or regulation of exchange wagering by imposing an assessment on the exchange wagering licensee in an amount that does not exceed the reasonable costs associated with the licensing or regulation of exchange wagering.

This bill would require any racing association or racing fair receiving distributions from any exchange provider’s exchange revenues to distribute a portion of that revenue to the official registering agency in a specified manner. By imposing new requirements on any racing association or racing fair, the violation of which would be a crime, the bill would impose a state-mandated local program.

(2) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.

This bill would provide that no reimbursement is required by this act for a specified reason.

Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: yes.

The people of the State of California do enact as follows:

SECTION 1.  

Section 19604.6 is added to the Business and
Professions Code, to read:

19604.6.  

Any racing association or racing fair receiving
distributions from any exchange provider’s exchange revenues,
as may be required pursuant to paragraphs (2) to (5), inclusive, of
subdivision (b) of Section 19604.5, shall distribute a portion of
said revenue to the official registering agency in the manner
prescribed in Section 19617.2.

SEC. 2.  

No reimbursement is required by this act pursuant to
Section 6 of Article XIII B of the California Constitution because
the only costs that may be incurred by a local agency or school
district will be incurred because this act creates a new crime or
infraction, eliminates a crime or infraction, or changes the penalty
for a crime or infraction, within the meaning of Section 17556 of
the Government Code, or changes the definition of a crime within
the meaning of Section 6 of Article XIII B of the California
Constitution.