85R5935 GCB-D
By: Kolkhorst S.B. No. 1972
A BILL TO BE ENTITLED
AN ACT
relating to the deposit and distribution by the Texas Racing
Commission of certain pari-mutuel wagering funds to benefit the
Texas-bred program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 3.09, Texas Racing Act (Article 179e,
Vernon's Texas Civil Statutes), is amended by adding Subsection (c)
to read as follows:
(c) This section does not apply to money set aside for the
Texas-bred program under Section 6.08(d) of this Act and deposited
in the escrow account under Subsection (d-1) of that section.
SECTION 2. Section 6.08, Texas Racing Act (Article 179e,
Vernon's Texas Civil Statutes), is amended by amending Subsections
(d) and (g) and adding Subsection (d-1) to read as follows:
(d) A horse racing association shall set aside for the
Texas-bred program as provided by Subsection (f) of this section an
amount equal to one percent of a live multiple two wagering pool and
a live multiple three wagering pool and pay that amount to the
commission.
(d-1) The commission shall deposit money paid to the
commission under Subsection (d) of this section into an escrow
account in the registry of the commission. The commission shall
distribute the money deposited in the account to the appropriate
state horse breed registries for the Texas-bred program in
accordance with this section and commission rules adopted under
Subsection (g) of this section.
(g) The commission shall adopt rules relating to the
deposit, accounting, audit, and distribution of all amounts set
aside for the Texas-bred program under this section.
SECTION 3. (a) The change in law made by this Act to Section
6.08, Texas Racing Act (Article 179e, Vernon's Texas Civil
Statutes), applies to the deduction from a live multiple two
wagering pool and a live multiple three wagering pool for a horse
race conducted by a horse racing association on or after the
effective date of this Act.
(b) As soon as practicable after the effective date of this
Act, the Texas Racing Commission shall revise existing rules or
adopt new rules as necessary to comply with Section 6.08, Texas
Racing Act (Article 179e, Vernon's Texas Civil Statutes), as
amended by this Act.
SECTION 4. This Act takes effect September 1, 2017.