Horse racing: license fees.

(1) Existing law, the Horse Racing Law, requires the California Horse Racing Board to provide a method for estimating the aggregate handle for each association's proposed race meeting and provides that estimates may be revised during the course of the meeting. Existing law requires each association, based upon that estimate, to pay its license fee weekly, and requires that purses be reasonably allocated over the period of the association's anticipated race meeting pursuant to a purse program developed by the association in consultation with the horsemen's organization contracting with the association with respect to the conduct of racing meetings subject to approval of the board. Existing law requires an association to pay any license fee theretofore unpaid, or to have refunded to it any excess license fee theretofore paid, within 7 days after the close of a race meeting. This bill would specify that the payment of the license fee or refund of any excess license fee payment shall be made within 7 business days after the close of a race meeting.