86th Texas Legislature, Regular Session, House Bill 3366, Chapter 1366 Page: 4 of 6
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H.B. No. 3366
1 SECTION 6. Section 2028.202, Occupations Code, is amended
2 by adding Subsection (a-1) to read as follows:
3 (a-1) A racetrack association shall pay to the commission
4 for deposit into the Texas-bred incentive fund established under
5 Section 2028.301 the shares to be distributed under Subsections
6 (a) (3) and (a) (4) for the Texas-bred program. The commission shall
7 distribute the money collected under this section and deposited
8 into the fund to the appropriate state breed registries for use
9 under the Texas-bred program.
10 SECTION 7. Chapter 2028, Occupations Code, is amended by
11 adding Subchapter G to read as follows:
12 SUBCHAPTER G. TEXAS-BRED INCENTIVE FUND
13 Sec. 2028.301. TEXAS-BRED INCENTIVE FUND. (a) The
14 commission shall deposit money set aside for the Texas-bred program
15 or set aside for use by state breed registries under this chapter
16 into an escrow account in the state treasury in the registry of the
17 commission to be known as the Texas-bred incentive fund.
18 (b) The commission shall distribute money from the
19 Texas-bred incentive fund in accordance with this chapter and
20 commission rules.
21 SECTION 8. (a) The changes in law made by this Act apply to
22 the deductions and breakage from a wagering pool for a horse or
23 greyhound race conducted by a racetrack association on or after the
24 effective date of this Act.
25 (b) As soon as practicable after the effective date of this
26 Act, the Texas Racing Commission shall revise existing rules or
27 adopt new rules as necessary to comply with this Act.4
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Texas. Legislature. House of Representatives. 86th Texas Legislature, Regular Session, House Bill 3366, Chapter 1366, legislative document, June 15, 2019; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth1201133/m1/4/: accessed June 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.