Notwithstanding the allocation of racing weeks and dates and Rule 1431 of this division the Board may deny a license to conduct a horse racing meeting when it determines the proposed horse racing meeting is not in the public interest or fails to serve the purposes of the Horse Racing Law or fails to meet any requirement of the law or the Board's regulations. In addition to any other reason, the Board may refuse to issue or deny a license to any applicant who fails to provide the Board with evidence that it has a binding commitment for the use of an approved racing facility or who fails to provide the Board with evidence of its ability to meet its estimated financial obligations for the conduct of the horse racing meeting.
NOTE: Authority cited: Sections 19420 and 19440, Business and Professions Code. Reference: Section 19480, Business and Professions Code.
1. Amendment filed 8-28-80; effective 9-27-80.
2. Amendment filed 12-6-99; effective 12-6-99.