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House Bill 2701 |
House Author: Flores |
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Effective: 9-1-07 |
Senate Sponsor: Lucio |
House Bill 2701 amends provisions of the Texas Racing Act relating to the duties and functions of the Texas Racing Commission and the regulation of horse and greyhound racing. The bill changes certain deadline and fee requirements for conducting a criminal background check of a license applicant or holder and requires the commission to set fees to cover its costs for specific services. The bill decreases the period during which an association, which is a person licensed to conduct races with pari-mutuel wagering, is prohibited from employing a former commission member, certain employees, or a close relative of such a member or employee from two years to one year after the person has left the commission.
House Bill 2701 modifies provisions relating to an association's distribution of money from a pari-mutuel pool and to a person's claim to any part of such a distribution. The bill increases from two to three the maximum number of licensed racetracks in which a person may have more than a five percent interest, and provides that a person who owns interest in two or more racetracks and who also owns an interest in an alcoholic beverage license may own an interest in the premises of a second license or permit holder if the premises is part of a licensed racetrack. The bill requires the commission to review the ownership and management of a racetrack license every five years.