Horse racing: southern zone.

Existing law provides that jurisdiction and supervision over meetings in this state where horse races with wagering on their results are held or conducted, and over all persons or things having to do with the operation of those meetings, is vested in the California Horse Racing Board. Existing law divides the state into 3 geographical zones for horse racing, including the southern zone consisting of the Counties of Imperial, Orange, Riverside, and San Diego. Existing law prohibits the board from allocating racing dates to a private thoroughbred racing association in the southern zone for purposes of conducting thoroughbred racing under specified circumstances. This bill would provide that any change of ownership or governance affecting a racetrack in the southern zone be structured so that the real property and applicable personal property encompassed in that change continue to be used exclusively for live horse racing and associated activities and revenue generated from horse racing operations be reinvested in capital projects directly supporting horse racing.