California § 19555 - Each licensee shall pay over such charity days
Full text of California Public Contract Code - PCC § 19555 — Each licensee shall pay over such charity days, with citation guidance and answers to common questions.
§ 19555. Each licensee shall pay over such charity days
Each licensee shall pay over such charity daysâ net proceeds to such distributing agent as soon as practicable after the determination thereof, and such agent or agents shall hereafter distribute not less than 90 percent of the aggregate proceeds from charity daysâ racing received and available for distribution by it to beneficiaries within 12 calendar months after the last day of the meeting during which such charity days were conducted. The balance, if any, of such aggregate charity daysâ net proceeds not distributed within such 12-month period shall be distributed as soon thereafter as is practicable.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 19555
What does Public Contract Code - PCC § 19555 cover?
Section 19555 ("Each licensee shall pay over such charity days") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 19555?
A common citation format is "Public Contract Code - PCC § 19555" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 19555 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.