73R5111 LJD-D
          By Junell, McDonald, Martin                           H.B. No. 1011
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to reimbursement of the general revenue fund from the
    1-3  Texas Racing Commission fund.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 3.09(b), Texas Racing Act (Article 179e,
    1-6  Vernon's Texas Civil Statutes), is amended to read as follows:
    1-7        (b)  The commission shall deposit the money it collects under
    1-8  this Act in the State Treasury to the credit of a special fund to
    1-9  be known as the Texas Racing Commission fund.  The Texas Racing
   1-10  Commission fund may be appropriated only for the administration and
   1-11  enforcement of this Act.  Any unappropriated money remaining in
   1-12  that special fund at the close of each fiscal biennium shall be
   1-13  transferred to the General Revenue Fund and may be appropriated for
   1-14  any legal purpose.  The legislature may also appropriate money from
   1-15  the General Revenue Fund for the administration and enforcement of
   1-16  this Act.  Any amount of general revenue appropriated for the
   1-17  administration and enforcement of this Act in excess of the
   1-18  cumulative amount deposited in the Texas Racing Commission fund
   1-19  shall be reimbursed from the Texas Racing Commission fund not later
   1-20  than one year after the date on which the general revenue funds are
   1-21  appropriated<, with 12 percent interest per year>.
   1-22        SECTION 2.  Interest under Section 3.09(b), Texas Racing Act
   1-23  (Article 179e, Vernon's Texas Civil Statutes), ceases to accrue on
   1-24  the effective date of this Act.  This Act does not affect interest
    2-1  that accrued before the effective date of this Act.
    2-2        SECTION 3.  The importance of this legislation and the
    2-3  crowded condition of the calendars in both houses create an
    2-4  emergency and an imperative public necessity that the
    2-5  constitutional rule requiring bills to be read on three several
    2-6  days in each house be suspended, and this rule is hereby suspended,
    2-7  and that this Act take effect and be in force from and after its
    2-8  passage, and it is so enacted.
    2-9                       COMMITTEE AMENDMENT NO. 1
   2-10        Amend H.B. 1011 by adding on line 21, page 1, after the word
   2-11  appropriated, "with 12 percent interest per year until August 31,
   2-12  1993 and 6 3/4 percent interest thereafter with all payments first
   2-13  attributable to interest."
   2-14        Strike Section 2.
   2-15                                                               Ogden
   2-16                                                               Carona
   2-17                                                               Kubiak
   2-18                                                               Bomer