(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:
(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.