BILL ANALYSIS                                                                                                                                                                                                    �




                   Senate Appropriations Committee Fiscal Summary
                           Senator Christine Kehoe, Chair

                                          SB 855 (Kehoe)
          
          Hearing Date: 5/2/2011          Amended: As Introduced
          Consultant: Bob Franzoia        Policy Vote: G O 13-0
          
















































          _________________________________________________________________
          ____
          BILL SUMMARY: SB 855 would extend the operative date of the 
          provision establishing the State Race Track Leasing Commission 
          (commission) from January 1, 2013 to January 1, 2023.
          _________________________________________________________________
          ____
                            Fiscal Impact (in thousands)

           Major Provisions         2011-12      2012-13       2013-14     Fund
           Sunset extension       Minor, if any, cost annually         
          General/
                                                                  Special*
                                                                      
          * Department of Food and Agriculture Fund, Service Revolving 
          Fund
          _________________________________________________________________
          ____

          STAFF COMMENTS: Pursuant to Chapter 670/2010, the commission is 
          set to sunset on January 1, 2013.  

          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 District Agricultural Association (DAA) 
          Board of Directors.  The commission oversees the lease agreement 
          between the 22nd DAA and the Del Mar Thoroughbred Club (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 (authority). The authority uses the racing revenues to 
          service bonds on the race track and fund capital improvements.

          There is no specific budget item for, or appropriation to, the 
          commission.  In essence, the commission member expenses are 
          absorbed by the relevant funds.

          Staff notes SB 1 (Kehoe), pending in the Governmental 
          Organization Committee, would, among other things, authorize the 
          Department of General Services to sell all or any portion of the 
          real property that comprises the 22nd DAA to the City of Del 
          Mar.

          Consistent with other sunset extensions, staff recommends this 
          bill be amended to provide a five year extension.








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