How AB 1526 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends 1 section(s) of the California codes: Section 19440.5 of the Business and Professions Code.

• Section 19440.5 of the Business and Professions Code

  and who makes the deposit to secure payment of the license fee imposed by this article, (a) (1) (2) (3) (4) (5) (6) (b)The license shall also recite the payment to, and receipt by, the board of the deposit to secure payment of the license fee required by this article. 19490.Each application for a license to conduct a horse racing meeting shall be accompanied by a deposit to secure the payment of any license fee imposed by this article, in the form of a certified check payable to the Treasurer of the State of California, in the amount of ten thousand dollars ($10,000). 19493.Upon the termination of the horse racing meeting for which a license has been granted:(a)If the licensee has fully paid the license fee imposed by this article, the sum deposited with the application for the license shall be returned to the licensee.(b)If the licensee fails, refuses, or neglects to pay such fee, the amount thereof shall be deducted from the sum deposited and the balance, if any, shall be returned to the licensee. 19547.Notwithstanding Section 19490, no deposit shall be required for any horse racing meeting conducted by a fair. SEC. 2. → SEC. 2. Section 19480 of the Business and Professions Code is amended to read: and SEC. 3. Section 19488 of the Business and Professions Code is amended to read: all of (a) (b) (c) (d) (e) (f) SEC. 4. Section 19490 of the Business and Professions Code is repealed. SEC. 5. Section 19493 of the Business and Professions Code is repealed. SEC. 6. Section 19547 of the Business and Professions Code is repealed. SEC. 7.

  amended