Horse racing: Breeders' Cup World Championship.

Existing law requires, for every year that the Breeders' Cup World Championship series is conducted at a race meeting in California, that specified amounts that would have otherwise been distributed to a purse account be made available to the organization operating the series for the purpose of promoting and supporting the Breeders' Cup World Championship. This bill would instead require these amounts to be available to the thoroughbred racing association hosting the Breeders' Cup World Championship as well as to the organization operating the series. Existing law requires the thoroughbred racing association hosting the Breeders' Cup World Championship to enter into a written agreement, in consultation and cooperation with the California Tourism Commission and a specified statewide marketing organization, with the organization that operates the Breeders' Cup World Championship regarding the manner in which funds set aside to support and promote the Breeders' Cup World Championship are to be expended. This bill would delete the requirement for participation of the specified statewide marketing organization in this agreement.