BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  SB 1
                                                                  Page  1

          Date of Hearing:   August 8, 2012

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Felipe Fuentes, Chair

                     SB 1 (Kehoe) - As Amended:  January 4, 2012 

          Policy Committee:                              Governmental 
          Organization Vote:                            17 - 0 

          Urgency:     No                   State Mandated Local Program: 
          No     Reimbursable:              

           SUMMARY  

          This bill deletes the January 1, 2013, sunset date of the State 
          Race Track Leasing Commission (SRTLC) which oversees leases and 
          other agreements for the use of the Del Mar Race Track located 
          on the grounds of the Del Mar Fairgrounds. 

           FISCAL EFFECT  

          Costs associated with this legislation are minor and absorbable 
          within existing resources. 

           COMMENTS  

           1)Purpose  . AB 2130 (Huber), Chapter 670, Statutes of 2010, 
            imposed a sunset date of January 1, 2013, on the SRTLC. 
            Because the authority's founding documents provide that the 
            authority shall remain in existence until the bonds are paid 
            in full, elimination of the commission prior to the bonds 
            maturity in 2025 may create legal and logistical issues and 
            potentially violate bond covenants. Thus, this bill proposes 
            to eliminate the existing January 1, 2013 sunset date of the 
            SRTLC and make it a permanent entity.

           2)Background  . Existing law establishes the State Race Track 
            Leasing Commission and authorizes the commission to enter into 
            leases or other agreements for the use of the Del Mar Race 
            Track and any other property owned or controlled by the 22nd 
            District Agricultural Association (DAA) that the commission 
            deems necessary to provide horse racing at Del Mar Race Track. 










                                                                  SB 1
                                                                  Page  2

            The commission is comprised of the Secretary of Food and 
            Agriculture, the Director of Finance, the Director of General 
            Services, and three persons appointed by the governor who are 
            members of the 22nd DAA Board of Directors.  The commission 
            oversees the lease agreement between the 22nd DAA and the Del 
            Mar Thoroughbred Club. The commission serves as the pass 
            through for horse racing revenues from the club and the 22nd 
            DAA which includes lease payments to the 22nd DAA and racing 
            revenues to the Race Track Authority. The authority, a joint 
            powers authority, uses the racing revenues to service bonds on 
            the race track and fund capital improvements.   

           3)Related Legislation  . In the current session, SB 855 (Kehoe) 
            would have extended the sunset on the State Race Track Leasing 
            Commission from January 1, 2013 to January 1, 2018.  This bill 
            was gutted in the Assembly and used for other purposes.

            In 2011, AB 656 (Huber) proposed to abolish certain state 
            entities and also delete the January 1, 2013 sunset date of 
            the SRTLC.  That bill was vetoed by Governor Brown on the 
            basis that it delegated to a legislative committee sole 
            discretion on whether and, for how long, certain commissions 
            should exist.

            AB 2130 (Huber), Chapter 670, Statutes of 2010, among other 
            things, imposed a sunset date of January 1, 2013, on the State 
            Race Track Leasing Commission, the Capitol Area Committee, the 
            Continuing Care Advisory Committee, and the California 
            Recreational Trails Committee.


           Analysis Prepared by  :    Julie Salley-Gray / APPR. / (916) 
          319-2081