California Assembly Bill AB616 Latest Draft

 BILL NUMBER: AB 616AMENDED BILL TEXT AMENDED IN ASSEMBLY MARCH 31, 2011 INTRODUCED BY Assembly Member Garrick FEBRUARY 16, 2011 An act to  amend Section 19424 of   add Section 19531.2 to  the Business and Professions Code, relating to horse racing. LEGISLATIVE COUNSEL'S DIGEST AB 616, as amended, Garrick. Horse racing:  California Horse Racing Board.   southern zone.  Existing law provides that jurisdiction and supervision over meetings in this state where horse races with wagering on their results are held or conducted, and over all persons or things having to do with the operation of those meetings, is vested in the California Horse Racing Board.  Existing law provides that no board member is disqualified from receiving a share of any purse awarded him or her as the result of any horse race as an owner of a horse or as a breeder of a California-bred horse.   Existing law divides the state into 3 geographical zones for horse racing, including the southern zone consisting of the Counties of Imperial, Orange, Riverside, and San Diego. Existing law prohibits the board from allocating racing dates to a private thoroughbred racing association in the southern zone for   purposes of conducting thoroughbred racing under specified circumstances.   This bill would provide that any change of ownership or governance affecting a racetrack in the southern zone be structured so that the real property and applicable personal property encompassed in that change continue to be used exclusively for live horse racing and associated activities and revenue generated from horse racing operations be reinvested in capital projects directly supporting horse racing.   This bill would make a technical, nonsubstantive change to the latter provision.  Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:  SECTION 1.   Section 19531.2 is added to the   Business and Professions Code   , to read:   19531.2. Any change of ownership or governance affecting a racetrack in the southern zone shall be structured to ensure both of the following: (a) The real property and applicable personal property encompassed in that change continue to be used exclusively for live horse racing and associated activities. (b) Revenue generated from horse racing operations will be reinvested in capital projects directly supporting horse racing.   SECTION 1.   Section 19424 of the Business and Professions Code is amended to read: 19424. No board member is disqualified from receiving a share of any purse awarded him or her as the result of any horse race as an owner of a horse or as a breeder of a California-bred horse.