AB 1703: State Athletic Commission: boxing.

Existing law, the Boxing Act, also known as the State Athletic Commission Act, creates within the Department of Consumer Affairs the State Athletic Commission. Existing law establishes the Boxers Pension Fund, a retirement fund under the exclusive control of the commission, that is funded by an assessment on tickets that is transferred to the commission following a contest or wrestling exhibition, as prescribed, and by contributions by boxers, managers, promoters, or any one or more of these persons. Existing law requires all moneys in the Boxers Pension Fund to be continuously appropriated to be used exclusively for the purposes and administration of the pension fund. Existing law prohibits any moneys with the Boxers Pension Fund from being deposited or transferred to the General Fund.

Existing law requires every person who conducts a contest or wrestling exhibition, within 72 hours after the determination of every contest or wrestling exhibition for which admission is charged and received, to furnish to the commission, among other things, a written report executed under penalty of perjury by one of the officers, showing the amount of the gross receipts, not to exceed $2,000,000, and a fee of 5% of the amount paid for admission to the contest or wrestling exhibition, but prohibits the fee from exceeding $100,000. Existing law requires the commission to report to a specified legislative committee on the fiscal impact of that $100,000 limitation.

This bill would instead require a written report executed under penalty of perjury by one of the officers, showing the amount of the gross receipts, not to exceed $4,000,000, and prohibit the fee of 5% of the amount paid for admission to the contest or wrestling exhibition from exceeding $200,000.