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. (AB 432) Effective January 1, 2014. Inoperative May 1, 2020. Repealed as of January 1, 2021, pursuant to Section 19604.7.)
Last modified: October 25, 2018