Bill Text: TX HB1995 | 2019-2020 | 86th Legislature | Enrolled
Bill Title: Relating to the distribution to the Texas Racing Commission of certain money deducted from simulcast pari-mutuel pools.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2019-05-17 - Effective on 9/1/19 [HB1995 Detail]
Download: Texas-2019-HB1995-Enrolled.html
H.B. No. 1995 |
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relating to the distribution to the Texas Racing Commission of | ||
certain money deducted from simulcast pari-mutuel pools. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2028.202(a), Occupations Code, is | ||
amended to read as follows: | ||
(a) A racetrack association shall distribute from the total | ||
amount deducted as provided by Sections 2028.101 and 2028.152 from | ||
each simulcast pari-mutuel pool and each simulcast cross-species | ||
pari-mutuel pool the following shares: | ||
(1) an amount equal to one percent of each simulcast | ||
pari-mutuel pool to the commission for the administration of this | ||
subtitle [ |
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(2) an amount equal to 1.25 percent of each simulcast | ||
cross-species pari-mutuel pool to the commission for the | ||
administration of this subtitle [ |
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(3) for a horse racetrack association, an amount equal | ||
to one percent of a multiple two wagering pool or multiple three | ||
wagering pool as the amount set aside for the Texas-bred program to | ||
be used as provided by Section 2028.103; | ||
(4) for a greyhound racetrack association, an amount | ||
equal to one percent of a multiple two wagering pool or a multiple | ||
three wagering pool as the amount set aside for the Texas-bred | ||
program for greyhound races, to be distributed and used in | ||
accordance with commission rules adopted to promote greyhound | ||
breeding in this state; and | ||
(5) the remainder as the amount set aside for purses, | ||
expenses, the sending track, and the receiving location under a | ||
contract approved by the commission between the sending track and | ||
the receiving location. | ||
SECTION 2. (a) The change in law made by this Act applies to | ||
the deduction from a pari-mutuel pool for a race conducted by a | ||
racetrack 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 2028.202(a), | ||
Occupations Code, as amended by this Act. | ||
SECTION 3. This Act takes effect September 1, 2019. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 1995 was passed by the House on | ||
April | ||
16, 2019, by the following vote: Yeas 121, Nays 10, 2 | ||
present, not voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 1995 was passed by the Senate on | ||
May 2, 2019, by the following vote: Yeas 23, Nays 8. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |