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.
Sponsorship: Partisan Bill (Democrat 2)
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 | ||
