Horse racing: distribution of proceeds.

Existing law requires each licensed racing association to designate a certain number of racing days to be conducted as charity days, and requires the net proceeds from those charity days to be distributed to beneficiaries who meet certain qualifications. Existing law also requires distributions to be made to certain nonprofit corporations and organizations, and requires that at least 20% of the distributions go to charities associated with the horse racing industry. This bill, in addition to those required distributions, would authorize a separate distribution to be made to a nonprofit corporation or trust that has as its sole purpose the support of recognized fairs or the network of California fairs. Existing law requires that the total percentage deducted from wagers at satellite wagering facilities in the northern zone be the same as deductions for wagers at the racetrack where the racing meeting is being conducted. Existing law, until December 31, 2013, requires a certain amount to be distributed to a specified organization formed to operate the audiovisual signal system, with the mutual consent of the racing association, the organization representing the horsemen participating in the meeting, and the California Horse Racing Board, and, beginning January 1, 2014, provides for a distribution for those purposes in accordance with a revised method of calculation. This bill would extend those dates from December 31, 2013, to December 31, 2016, and from January 1, 2014, to January 1, 2017, respectively.