AB 1526: Horse racing: audits of the horsemen’s organizations: license fee deposits: minisatellite wagering facilities.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

Existing law requires an annual audit of the financial books and records of the horsemen’s organizations, with respect to pension funds received by the organizations pursuant to specified laws, to be conducted by a nationally recognized accounting firm within 90 days of the close of the fund’s business year.

This bill would eliminate the 90-day time limit on conducting the annual audit and would authorize the California Horse Racing Board to permit exceptions to the audit requirement.

The Horse Racing Law requires each application for a license to conduct a horse racing meeting to be accompanied by a deposit to secure the payment of any license fee imposed pursuant to specified provisions of that law, in the form of a certified check payable to the Treasurer of the State of California, in the amount of $10,000. Under the Horse Racing Law, a person engaged in the conduct of a recognized horse race meeting is required to pay a separate license fee imposed under other provisions of the Horse Racing Law in lieu of the license fee subject to that deposit requirement.

This bill would eliminate this deposit requirement and would make other conforming changes.

Existing law authorizes the board to approve minisatellite wagering sites, as defined, under specified conditions. Existing law requires an organization formed by associations or fairs to operate the audiovisual signal system to execute a specified agreement with the association conducting a racing meeting and the minisatellite wagering facility that specifies, among other things, the components of its racing program, including live, out-of-zone, out-of-state, and out-of-country races, that an association or fair will make available to the site.

This bill would explicitly require the agreement to specify which live in-state races would be provided by the association or fair to the site. The bill would also make nonsubstantive changes, including deleting obsolete language.

Sponsors

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. September 14, 2026Chaptered by Secretary of State - Chapter 197, Statutes of 2026.
2. September 14, 2026Approved by the Governor.
3. September 8, 2026Enrolled and presented to the Governor at 3:30 p.m.
4. August 28, 2026Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 6808.).
5. August 27, 2026In Assembly. Concurrence in Senate amendments pending.
6. August 27, 2026Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.).
7. August 19, 2026Read second time. Ordered to third reading.
8. August 18, 2026Read third time and amended. Ordered to second reading.
9. June 16, 2026Read second time. Ordered to third reading.
10. June 15, 2026From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
11. June 3, 2026Re-referred to Com. on APPR. pursuant to Joint Rule 10.5.
12. June 3, 2026Read second time. Ordered to third reading.