Bill Text: TX SB1972 | 2017-2018 | 85th Legislature | Comm Sub
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 2-0)
Status: (Engrossed - Dead) 2017-05-19 - Committee report sent to Calendars [SB1972 Detail]
Download: Texas-2017-SB1972-Comm_Sub.html
By: Kolkhorst | S.B. No. 1972 | |
(Kuempel) | ||
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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 3.09, Texas Racing Act (Article 179e, | ||
Vernon's Texas Civil Statutes), is amended by adding Subsection (c) | ||
to read as follows: | ||
(c) This section does not apply to money deposited into the | ||
Texas-bred incentive fund established under Section 6.095 of this | ||
Act. | ||
SECTION 2. Section 6.08, Texas Racing Act (Article 179e, | ||
Vernon's Texas Civil Statutes), is amended by amending Subsections | ||
(d), (g), and (j) and adding Subsections (d-1) and (j-1) to read as | ||
follows: | ||
(d) A horse racing association shall set aside for the | ||
Texas-bred program as provided by Subsection (f) of this section an | ||
amount equal to one percent of a live multiple two wagering pool and | ||
a live multiple three wagering pool and pay that amount to the | ||
commission. | ||
(d-1) The commission shall deposit money paid to the | ||
commission under Subsection (d) of this section into the Texas-bred | ||
incentive fund established under Section 6.095 of this Act. 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 this | ||
section and commission rules adopted under Subsection (g) of this | ||
section. | ||
(g) The commission shall adopt rules relating to the | ||
deposit, accounting, audit, and distribution of all amounts set | ||
aside for the Texas-bred program under this section and for the use | ||
of those amounts by the state breed registries under that program. | ||
(j) Ten percent of the total breakage from a live | ||
pari-mutuel pool or a simulcast pari-mutuel pool is to be retained | ||
by the association to be used in stakes races restricted to | ||
accredited Texas-bred horses. The association shall pay to the | ||
commission for deposit into the Texas-bred incentive fund | ||
established under Section 6.095 of this Act and distribution to the | ||
appropriate state horse breed registry [ |
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remaining 80 percent of the total breakage to be allocated as | ||
follows: | ||
(1) 40 percent [ |
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finish first, second, or third; | ||
(2) 40 percent [ |
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accredited Texas-bred horses that finish first, second, or third; | ||
and | ||
(3) 20 percent [ |
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stallion standing in this state at the time of conception whose | ||
Texas-bred get finish first, second, or third. | ||
(j-1) The commission shall deposit the portions of total | ||
breakage paid to the commission under Subsections (i) and (j) of | ||
this section into the Texas-bred incentive fund established under | ||
Section 6.095 of this Act. 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 commission rules adopted under Subsection (g) of | ||
this section. | ||
SECTION 3. Section 6.09(d), Texas Racing Act (Article 179e, | ||
Vernon's Texas Civil Statutes), is amended to read as follows: | ||
(d) Fifty percent of the breakage is to be paid to the | ||
appropriate state greyhound breeding registry. Of that portion of | ||
the breakage 25 percent of that breakage is to be used in stakes | ||
races and 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 6.095 of this Act. The commission shall distribute the | ||
money collected under this section and deposited into the fund to | ||
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accordance with this section, subject to rules promulgated by the | ||
commission. | ||
SECTION 4. Section 6.091, Texas Racing Act (Article 179e, | ||
Vernon's Texas Civil Statutes), is amended by adding Subsection | ||
(a-1) to read as follows: | ||
(a-1) An association shall pay to the commission for deposit | ||
into the Texas-bred incentive fund established under Section 6.095 | ||
of this Act the shares to be distributed under Subsections (a)(3) | ||
and (4) of this section 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 5. Article 6, Texas Racing Act (Article 179e, | ||
Vernon's Texas Civil Statutes), is amended by adding Section 6.095 | ||
to read as follows: | ||
Sec. 6.095. TEXAS-BRED INCENTIVE FUND. The commission | ||
shall deposit money set aside for the Texas-bred program under | ||
Sections 6.08, 6.09, and 6.091 of this Act and money set aside for | ||
use by state breed registries under Sections 6.08 and 6.09 of this | ||
Act into an escrow account in the state treasury in the registry of | ||
the commission to be known as the Texas-bred incentive fund. The | ||
commission shall distribute money from the fund in accordance with | ||
this article and commission rules. | ||
SECTION 6. (a) The changes in law made by this Act to the | ||
Texas Racing Act (Article 179e, Vernon's Texas Civil Statutes), | ||
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 the Texas Racing Act | ||
(Article 179e, Vernon's Texas Civil Statutes), as amended by this | ||
Act. | ||
SECTION 7. This Act takes effect only if a specific | ||
appropriation for the implementation of the Act is provided in a | ||
general appropriations act of the 85th Legislature. | ||
SECTION 8. This Act takes effect September 1, 2017. |