Mixed Martial Arts Promoters Bond in West Virginia
This bill will re-write existing law pertaining to the State Athletic Commission, which regulates boxing contests. Through this bill their authority will be expanded to cover mixed martial arts contests. Under current regulations boxing promoters are required to be licensed and post a $10,000 surety bond. The Commission determines the bond requirements. The bill will codify the requirements for promoters in the statue instead of the regulations A surety bond no less than $100,000 will have to be posted by boxing and mixed martial arts contest promoters. A larger bond is able to be required by the Commission through regulations.