Bill Text: TX HB3366 | 2019-2020 | 86th Legislature | Enrolled
Bill Title: Relating to the deposit and distribution by the Texas Racing Commission of certain pari-mutuel wagering funds to benefit the Texas-bred program.
Spectrum: Partisan Bill (Republican 4-0)
Status: (Passed) 2019-06-15 - Effective on 9/1/19 [HB3366 Detail]
Download: Texas-2019-HB3366-Enrolled.html
H.B. No. 3366 |
|
||
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 2023.053, Occupations Code, is amended | ||
by adding Subsection (f) to read as follows: | ||
(f) This section does not apply to money deposited into the | ||
Texas-bred incentive fund established under Section 2028.301. | ||
SECTION 2. Section 2024.055, Occupations Code, is amended | ||
to read as follows: | ||
Sec. 2024.055. DEPOSIT OF STATE'S SHARE. (a) The | ||
comptroller shall deposit the state's share of each pari-mutuel | ||
pool from horse racing and greyhound racing in the general revenue | ||
fund. | ||
(b) This section does not apply to money deposited into the | ||
Texas-bred incentive fund established under Section 2028.301. | ||
SECTION 3. Section 2028.103, Occupations Code, is amended | ||
by amending Subsections (a) and (c) and adding Subsection (a-1) to | ||
read as follows: | ||
(a) A horse racetrack association shall set aside for the | ||
Texas-bred program and pay to the commission an amount equal to one | ||
percent of a live multiple two wagering pool and a live multiple | ||
three wagering pool. From the set-aside amounts: | ||
(1) two percent shall be set aside for purposes of | ||
Subchapter F, Chapter 88, Education Code; and | ||
(2) the remaining amount shall be allocated as | ||
follows: | ||
(A) 10 percent may be used by the appropriate | ||
state horse breed registry for administration; and | ||
(B) the remainder shall be used for awards. | ||
(a-1) The commission shall deposit money paid to the | ||
commission under Subsection (a) into the Texas-bred incentive fund | ||
established under Section 2028.301. The commission shall | ||
distribute the money collected under this section and deposited | ||
into the fund to the appropriate state horse breed registries for | ||
the Texas-bred program in accordance with rules adopted under | ||
Subsection (c). | ||
(c) The commission shall adopt rules relating to the | ||
deposit, accounting, auditing, and distribution of all amounts set | ||
aside for the Texas-bred program under this subchapter and for the | ||
use of those amounts by the state breed registries under that | ||
program. | ||
SECTION 4. Section 2028.105, Occupations Code, is amended | ||
by amending Subsection (d) and adding Subsection (d-1) to read as | ||
follows: | ||
(d) The horse racetrack association shall pay to the | ||
commission for deposit into the Texas-bred incentive fund | ||
established under Section 2028.301 and distribution to the | ||
appropriate state horse breed registry [ |
||
percent of the total breakage to be allocated as follows: | ||
(1) 40 percent to the owners of the accredited | ||
Texas-bred horses that finish first, second, or third; | ||
(2) 40 percent to the breeders of accredited | ||
Texas-bred horses that finish first, second, or third; and | ||
(3) 20 percent to the owner of the stallion standing in | ||
this state at the time of conception whose Texas-bred get finish | ||
first, second, or third. | ||
(d-1) The commission shall deposit the portions of total | ||
breakage paid to the commission under Subsections (b) and (d) into | ||
the Texas-bred incentive fund established under Section 2028.301. | ||
The commission shall distribute the money collected under this | ||
section and deposited into the fund to the appropriate state horse | ||
breed registries in accordance with this section and with rules | ||
adopted by the commission under Section 2028.103. | ||
SECTION 5. Section 2028.154(a), Occupations Code, is | ||
amended to read as follows: | ||
(a) A greyhound racetrack association shall pay 50 percent | ||
of the breakage to the appropriate state greyhound breed registry. | ||
Of that breakage percentage: | ||
(1) 25 percent is to be used in stakes races; and | ||
(2) 25 percent of that total breakage from a live | ||
pari-mutuel pool or a simulcast pari-mutuel pool is to be paid to | ||
the commission for deposit into the Texas-bred incentive fund | ||
established under Section 2028.301. The commission shall | ||
distribute the money collected under this section and deposited | ||
into the fund to [ |
||
in accordance with this section and[ |
||
SECTION 6. Section 2028.202, Occupations Code, is amended | ||
by adding Subsection (a-1) to read as follows: | ||
(a-1) A racetrack association shall pay to the commission | ||
for deposit into the Texas-bred incentive fund established under | ||
Section 2028.301 the shares to be distributed under Subsections | ||
(a)(3) and (a)(4) for the Texas-bred program. The commission shall | ||
distribute the money collected under this section and deposited | ||
into the fund to the appropriate state breed registries for use | ||
under the Texas-bred program. | ||
SECTION 7. Chapter 2028, Occupations Code, is amended by | ||
adding Subchapter G to read as follows: | ||
SUBCHAPTER G. TEXAS-BRED INCENTIVE FUND | ||
Sec. 2028.301. TEXAS-BRED INCENTIVE FUND. (a) The | ||
commission shall deposit money set aside for the Texas-bred program | ||
or set aside for use by state breed registries under this chapter | ||
into an escrow account in the state treasury in the registry of the | ||
commission to be known as the Texas-bred incentive fund. | ||
(b) The commission shall distribute money from the | ||
Texas-bred incentive fund in accordance with this chapter and | ||
commission rules. | ||
SECTION 8. (a) The changes in law made by this Act apply to | ||
the deductions and breakage from a wagering pool for a horse or | ||
greyhound 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 this Act. | ||
SECTION 9. This Act takes effect September 1, 2019. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 3366 was passed by the House on April | ||
16, 2019, by the following vote: Yeas 125, Nays 11, 1 present, not | ||
voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 3366 was passed by the Senate on May | ||
21, 2019, by the following vote: Yeas 28, Nays 3. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |