3.44.024 STATEMENT—ACCOUNT—PAYMENT.

Weekly when racing meetings are conducted at Bay Meadows Race Track the association conducting the meeting (except the San Mateo County Fair Association) shall (a) render to the City treasurer an accounting of the total parimutuel wagers placed and (b) pay the treasurer thirty-three hundredths of one percent (0.33 of 1 percent) of the total. Payment shall be simultaneous with the weekly license fee payment to the State. Interest at 1-1/2% per week shall be paid in case of any late payment.