Cal. Business and Professions Code § 19613.5
Cal. Business and Professions Code § 19613.5
California · California Business and Professions Code · Status: effective
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- Citation
- Cal. Business and Professions Code § 19613.5, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/779388
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Notwithstanding any other provision of this chapter, of the amount deducted for license fees, commissions, and purses from parimutuel pools at a racing meeting an amount may be retained and distributed for payment of any actual losses sustained at the meeting on parimutuel minus pools prior to the distribution of license fees, commissions, and purses. The proportion of license fees, commissions, and purses distributed for payment of such parimutuel minus pools shall be in the same proportion as they would be distributed in the provision under which they were deducted.