Amended in Senate June 19, 2013

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 amended, 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 begin delete provider’s exchange revenues end delete begin insert wagering agreement end insert to distribute a begin insert specified end insert portion of that revenue to the official registering agency begin delete in a specified manner end delete . begin insert The bill would require the official registering agency to distribute those revenues in a specified manner. end insert 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 begin delete provider’s exchange revenues end delete
begin insert wagering agreement end insert , as may be required pursuant to paragraphs
begin delete (2) to (5), inclusive, end delete begin insert (4) and (5) end insert of subdivision (b) of Section
19604.5, shall distribute begin delete a portion of said end delete revenue begin insert equal to 0.16
percent of the total exchange wagering revenues generated
pursuant to the exchange wagering agreement end insert to the official
registering begin delete agency in the manner prescribed in end delete begin insert agency. The official
registering agency shall distribute the funds received pursuant to
this section in the manner prescribed in subdivisions (b) to (d),
inclusive, of end insert 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.