Bus. & Prof. Code, § 19440.5 · Article 2. General Administration and Enforcement
Bus. & Prof. Code, § 19440.5
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
An annual audit shall be conducted of the financial books and records of the horsemen’s organizations, including any subsidiaries of the horsemen’s organizations, by a nationally recognized accounting firm as follows:
(a) With respect to pension funds received by those organizations pursuant to Sections 19533, 19613, and 19613.1, the audit shall be conducted within 90 days of the close of the fund’s business year. The audit shall cover the period of time since the last audit, and a copy thereof shall be filed with the board, and the Senate and Assembly Committees on Governmental Organization.
(b) With respect to administrative funds and welfare funds received pursuant to Sections 19533, 19606.5, 19613, and 19641, the audit shall be conducted within 90 days of the close of the fund’s business year. The audit shall cover the period of time since the last audit, and a copy thereof shall be filed with the board, and the Senate and Assembly Committees on Governmental Organization.
(c) The horsemen’s organizations shall bear the cost of the audit.
Notes and commentary — not statutory text
History
Amended by Stats. 2005, Ch. 505, Sec. 2. Effective January 1, 2006.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=19440.5.
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- sha256 2abe566601b4c8a0ccdbafdcc5291d2aafd6d8931575aa80c792325fbe373a12
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business and Professions Code
- Bus. & Prof. Code, § 19533Printed as Sections 19533, 19606.5, 19613, and 19641 | Sections 19533, 19613, and 19613.1
- Bus. & Prof. Code, § 19606.5Printed as Sections 19533, 19606.5, 19613, and 19641
- Bus. & Prof. Code, § 19613Printed as Sections 19533, 19606.5, 19613, and 19641 | Sections 19533, 19613, and 19613.1
- Bus. & Prof. Code, § 19613.1Printed as Sections 19533, 19613, and 19613.1
- Bus. & Prof. Code, § 19641Printed as Sections 19533, 19606.5, 19613, and 19641
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.