Bill Text: TX HB5128 | 2023-2024 | 88th Legislature | Introduced

Texas House Bill 5128

Introduced

Bill Title: Relating to certain excess unappropriated money in and reimbursement of appropriated money from the Texas Racing Commission fund.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-24 - Referred to Appropriations [HB5128 Detail]

Download: Texas-2023-HB5128-Introduced.html

	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	repealed.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.