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SB-495 Horse racing: wagering: fairs: facilities maintenance and improvement funds. (2017-2018)

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Date Published: 02/16/2017 09:00 PM
SB495:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Senate Bill No. 495


Introduced by Senator Vidak

February 16, 2017


An act to amend Section 19601.4 of the Business and Professions Code, relating to horse racing.


LEGISLATIVE COUNSEL'S DIGEST


SB 495, as introduced, Vidak. Horse racing: wagering: fairs: facilities maintenance and improvement funds.
Existing law, the Horse Racing Law, authorizes a fair, a combination of fairs, or an association conducting racing at a fair, after approval from the California Horse Racing Board, to contribute 1% of the total amount handled daily in conventional and exotic pools for facilities maintenance and improvements at a fair’s racetrack inclosure, for those fairs that contribute or those fairs where an association conducting racing at that fair contributes. Existing law requires that the money raised be deposited into the Inclosure Facilities Improvement Fund, which is created as a special fund in the State Treasury, and that money be made available upon appropriation by the Legislature in the annual Budget Act. Existing law requires the Secretary of Food and Agriculture to appoint a committee to advise on the administration of the funds, and requires the secretary to include in the annual expenditure plan any allocations made pursuant to these provisions, as specified.
This bill would remove the requirement that the secretary include in the annual expenditure plan any allocations made pursuant to these provisions.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 19601.4 of the Business and Professions Code is amended to read:

19601.4.
 (a) Notwithstanding any other provision of law, a fair, combination of fairs, or an association conducting racing at a fair, may, after approval from the board, deduct an additional 1 percent from the total amount handled daily in its conventional and exotic pools. The additional 1 percent shall be deposited into the Inclosure Facilities Improvement Fund, which is hereby created as a special fund in the State Treasury, the moneys of which are available upon appropriation by the Legislature in the annual Budget Act. Any moneys deducted from the handle pursuant to this section shall be used solely for the purpose of facilities maintenance and improvements at a fair’s racetrack inclosure for those fairs that contribute to, or for those fairs where an association conducting racing at that fair contributes to, the Inclosure Facilities Improvement Fund.
(b)  The secretary shall appoint a committee of not more than five and no fewer than three individuals with expertise in financing, constructing, and managing horse racing facilities, facilities to advise in the administration of the funds. The secretary shall have oversight over the committee. The secretary shall adhere to the same oversight responsibilities as outlined in Section 19620 when administering the funds contributed and disbursed pursuant to this section.

(c)The secretary shall include in the annual expenditure plan required pursuant to Section 19621 any allocations made pursuant to this section.

(d)

(c) For purposes of this section, “secretary” means the Secretary of Food and Agriculture.