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§ 2082. Interest Bearing Accounts.

4 CA ADC § 2082Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 4. California Horse Racing Board (Refs & Annos)
Article 26. Advance Deposit Wagering
4 CCR § 2082
§ 2082. Interest Bearing Accounts.
Currentness
The first $250,000 in interest earned on California resident's Accounts shall be transferred annually, split between the corresponding horsemen's welfare fund and the backstretch pension plan for the benefit of backstretch employees. Interest in excess of $250,000 shall be transferred annually, split between the corresponding horsemen's organizations for purses as designated in Business and Professions Code Section 19613.

Credits

Note: Authority cited: Sections 19440, 19590 and 19604, Business and Professions Code. Reference: Sections 19604 and 19613, Business and Professions Code.
History
1. New section filed 1-7-2002; operative 1-7-2002 pursuant to Government Code section 11343.4 (Register 2002, No. 2).
This database is current through 4/19/24 Register 2024, No. 16.
Cal. Admin. Code tit. 4, § 2082, 4 CA ADC § 2082
End of Document