2014 California Code
Business and Professions Code - BPC
CHAPTER 4 - Horse Racing
ARTICLE 9.1 - Exchange Wagering

CA Bus & Prof Code § 19604.6 (2014) What's This?

Any racing association or racing fair receiving distributions from any exchange wagering agreement, as may be required pursuant to paragraphs (4) and (5) of subdivision (b) of Section 19604.5, shall distribute revenue equal to 0.16 percent of the total exchange wagering revenues generated pursuant to the exchange wagering agreement to the official registering 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.

(Added by Stats. 2013, Ch. 264, Sec. 1. Effective January 1, 2014. Inoperative May 1, 2016. Repealed as of January 1, 2017, pursuant to Section 19604.7.)

Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.