Late last year the California State Athletic Commission (CSAC) was on the verge of insolvency and disbanding. The agency ended the last fiscal year with $23,000 in the bank, enough for two days of operations.
Now, under the direction of new Executive Director Andy Foster, the commission has new life. A key lawmaker, State Sen. Curren Price Jr. (D-Los Angeles), is now willing to give the body a second chance.
Patrick McGreevy of the LA Times has the story.
Price said he will introduce Legislation that will extend the sunset date for the commission by two years. He said he has support from a majority of the members of the Senate Business, Professions and Economic Development Committee, which he chairs.
The panel held a hearing Monday on changes being made by new executive officer Andy Foster and a commission with two new members appointed by Gov. Jerry Brown.
"We've got some new blood coming in, so I am fully prepared to give the commission another couple of years to work it out and make sure they are on the right track," Price said after the hearing.
State Auditor Elaine Howle said the agency had mismanaged its finances and was not doing enough to protect boxers. She said the state should consider transferring the Athletic Commission’s day-to-day operations to the state Department of Consumer Affairs.
Price said he was outraged that the agency has been paying little pension money to boxers, and that it was spending too much on administration.
But he said he felt better Monday when Foster said that the pension fund has begun making more payments, administrative costs are down, and the agency is operating under an austerity plan aimed at restoring solvency.
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