California Business and Professions Code 18828 – (a) The commission may enter into a contract to sanction, …
(a) The commission may enter into a contract to sanction, supervise, or provide other services for contests under this chapter for which the fees under this chapter do not apply only if the contract provides for a payment to the commission for reasonable and necessary services provided under the contract.
(b) It is the intent of the Legislature that payment under subdivision (a) shall include the following:
Terms Used In California Business and Professions Code 18828
- Contract: A legal written agreement that becomes binding when signed.
- State: means the State of California, unless applied to the different parts of the United States. See California Business and Professions Code 21
- Subdivision: means a subdivision of the section in which that term occurs, unless some other section is expressly mentioned. See California Business and Professions Code 15
(1) Consideration of costs incurred by the commission.
(2) A contribution into the Boxers’ Pension Fund of not less than 20 percent of the commission’s costs under paragraph (1).
(3) A contribution into the State Athletic Commission Neurological Examination Account of not less than 20 percent of the commission’s costs under paragraph (1).
(c) A contestant’s participation in a contest subject to this section shall be deemed to be a commission-approved contest for purposes of participation in the Boxers’ Pension Plan.
(Added by Stats. 2006, Ch. 465, Sec. 12. Effective January 1, 2007.)