Cal. Code Regs. tit. 4 § 2082

Current through Register 2024 Notice Reg. No. 49, December 6, 2024

Section 2082 - Interest Bearing Accounts

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.

Cal. Code Regs. Tit. 4, § 2082

1. New section filed 1-7-2002; operative 1-7-2002 pursuant to Government Code section 11343.4 (Register 2002, No. 2).

Note: Authority cited: Sections 19440, 19590 and 19604, Business and Professions Code. Reference: Sections 19604 and 19613, Business and Professions Code.

1. New section filed 1-7-2002; operative 1-7-2002 pursuant to Government Code section 11343.4 (Register 2002, No. 2).