BILL ANALYSIS
AB 2103
Page 1
Date of Hearing: May 7, 2008
ASSEMBLY COMMITTEE ON APPROPRIATIONS
Mark Leno, Chair
AB 2103 (Plescia) - As Amended: April 23, 2008
Policy Committee: InsuranceVote:8 -
0
Governmental Organization 14 -
0
Urgency: No State Mandated Local Program:
No Reimbursable:
SUMMARY
This legislation extends a sunset date from January 1, 2009 to
January 1, 2014 for a current program that allows a portion of
the money collected through betting on horse races to be placed
in a fund that helps the thoroughbred horseracing industry
defray the costs of workers' compensation insurance.
FISCAL EFFECT
The money placed in this fund comes from the pari-mutuel handle,
proceeds that would be paid to the owners of winning horses and
successful bettors. Therefore, there is no impact on the state
General Fund or state special funds.
COMMENTS
1)Purpose . This bill extends for five years a program
established in 2004, which was designed to provide relief from
the increasing costs of workers compensation insurance to the
thoroughbred horseracing industry. The original program has
allowed the industry to create its own workers' compensation
insurance program, known as the California Horsemen's Safety
Alliance. That program has been operating for the last four
years. This bill allows the program to continue operation for
another five years.
2)Related Legislation . AB 701 (J. Horton; Chapter 40, Statutes
of 2004) provided a framework for the deduction from the
pari-mutuel pools in order to address increased costs in
AB 2103
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workers compensation insurance in the horse racing industry.
Analysis Prepared by : Julie Salley-Gray / APPR. / (916)
319-2081