Every association which conducts a harness racing meeting and deducts 17.75 percent of the total amount handled in exotic parimutuel pools shall use 1 percent of the total amount handled in the exotic parimutuel pools to fund the California Standardbred Sires Stakes Program. The 1 percent shall be deposited into the separate trust account provided for in Section 19619.
Cal. Bus. & Prof. Code § 19610.1
License Fees, Commissions, and Purses
Known as the Horse Racing Law
The act spans §§ 19400–19668 (334 sections).
Added by Stats. 1984, Ch. 1739, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.