California Business and Professions Code

§ 19608.2

BPC § 19608.2 Effective Jun 11, 1990Div. 8 · Ch. 4 · Art. 9.2

Statute text

(a)In order to permit associations providing audiovisual signals the ability to do so without undue burden and expense, to avoid unnecessary duplication of facilities, to permit the associations to protect the security of their signals, and to permit the associations to protect the integrity of their parimutuel pools and to account for wagering proceeds included in those parimutuel pools, associations and fairs providing audiovisual signals pursuant to Section 19608 or 19608.1 may form an organization to operate, pursuant to board supervision, the audiovisual signal system.

(b)An organization operating under board supervision pursuant to this section may consist of any combination of associations and fairs.

(c)Nothing in this section precludes any other person or business entity from participating in, or holding a financial interest in, an organization formed by associations or fairs to operate satellite wagering, except that the person or business entity shall be approved by the board.

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Legislative history

Added by Stats. 1990, Ch. 131, Sec. 15. Effective June 11, 1990.