Riverside County Municipal Code Ch. 4.36 Parimutuel Wagering Distribution to County

The county elects to receive a distribution from the total parimutuel wagers placed within the satellite wagering facility at the Riverside County National Date Festival Fair Grounds, 4th Supervisorial District, as provided for in the Business and Professions Code Section 19610.4. This election shall be deemed effective as of the date upon which the Riverside County fair elected to deduct an additional amount of 0.33 of one percent from the total parimutuel wagers placed within its satellite wagering facility.

(Ord. 660 § 1, 1988)

The county elects to distribute the 0.33 of one percent revenues, after provisions are made to offset county costs, to the city of Indio to subsidize its ordinary and traditional municipal services, such as police services and traffic control, in connection with the racing meetings or satellite wagering.

(Ord. 660 § 2, 1988)

The county makes this election based upon its understanding and intention, and based upon the express condition that, nothing in the Business and Professions Code Section 19610.4 will preclude or interfere with the county's ability to assess or collect, with respect to any event unrelated to a racing meeting or satellite wagering, any license or excise tax or fee, including, but not limited to, any admission, parking or business tax, or any tax or fee levied solely upon the racing association or fair conducting a racing meeting or satellite wagering or any patron thereof. In the event the Business and Professions Code Section 19610.4 is interpreted in a manner binding upon the county so as to preclude or interfere with the county's ability to assess or collect such licenses, taxes or fees with respect to events unrelated to racing meetings or satellite wagering, the county's election under this chapter shall be automatically rescinded and the county's ability to assess or collect any license or excise taxes or fees shall be fully restored.

(Ord. 660 § 3, 1988)