3.44.022 ELECTION PURSUANT TO SECTION 19610.3 OF THE BUSINESS AND PROFESSIONS CODE.

The City elects, pursuant to California Business and Professions Code Section 19610.3 to permanently receive thirty-three one hundredths of one percent of the total parimutuel wagers placed at Bay Meadows Race Track during all thoroughbred and quarterhorse racing meets conducted there. This election is subject to the following conditions:

(1) This election does not apply to horse racing conducted during the annual county fair;

(2) This election shall be effective as of Saturday, September 25, 1982, and that effective as of such date, the City shall not collect its admissions tax from any racing association conducting a racing meet at said track, or from any racing patron;

(3) If for any reason either the election by the Tanforan Racing Association, or that of the City's, is found not to be effective as of September 25, 1982, the admissions tax provisions contained in Chapter 3.44 of this code shall remain in effect until such time as the City is legally entitled to receive thirty-three one hundredths of one percent of all parimutuel wagers under the provisions of Section 19610.3 of the California Business and Professions Code.