California AB1526 mandates annual audits of horsemen's organizations, modifies license fees for horse racing meetings, and regulates minisatellite.

California AB1526 requires annual audits of horsemen's organizations, focusing on pension funds, with exceptions for other funds. It mandates a $10,000 deposit for horse racing meeting licenses, with exceptions for fairs. The bill also regulates minisatellite wagering facilities, requiring board approval and limiting their number and location. It specifies that minisatellite wagering facilities are not eligible for certain commissions and mandates that the board prioritize facilities based on the handle they generate.

California AB1526 mandates annual audits of horsemen's organizations, modifies license fees for horse racing meetings, and regulates minisatellite.

California AB1526 requires annual audits of horsemen's organizations, focusing on pension funds, with exceptions for other funds. It mandates a $10,000 deposit for horse racing meeting licenses, with exceptions for fairs. The bill also regulates minisatellite wagering facilities, requiring board approval and limiting their number and location. It specifies that minisatellite wagering facilities are not eligible for certain commissions and mandates that the board prioritize facilities based on the handle they generate.