BILL NUMBER: AB 432	AMENDED
	BILL TEXT

	AMENDED IN SENATE  JUNE 19, 2013

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