California Business and Professions Code

§ 19480

BPC § 19480 Effective Sep 30, 2024Div. 8 · Ch. 4 · Art. 4

Statute text

(a)The board may issue to any person who makes application therefor in writing, who has complied with this chapter, and who makes the deposit to secure payment of the license fee imposed by this article, a license to conduct a horse racing meeting in accordance with this chapter at the track specified in the application if the board determines that the issuance thereof will be in the public interest and will subserve the purposes of this chapter.

(b)For purposes of this section, “person” means any officer, director, or partner, or any individual who holds 5 percent or more of outstanding shares, of a racing association.

Legislative history

Amended by Stats. 2024, Ch. 997, Sec. 3. (AB 179) Effective September 30, 2024.