88R16098 BEE-D
By: Bell of Montgomery H.B. No. 5128
A BILL TO BE ENTITLED
AN ACT
relating to certain excess unappropriated money in and
reimbursement of appropriated money from the Texas Racing
Commission fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2023.053(e), Occupations Code, is
amended to read as follows:
(e) Any amount of general revenue appropriated for the
administration and enforcement of this subtitle in excess of the
cumulative amount deposited in the Texas Racing Commission fund
shall be reimbursed from the Texas Racing Commission fund [not
later than the first anniversary of the date the general revenue
funds are appropriated, with 6.75 percent interest. All payments
made under this subsection are first attributable to interest
accumulated under this subsection].
SECTION 2. Section 2023.053(c), Occupations Code, is
repealed.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2023.