By: Junell H.B. No. 1011
73R5111 LJD-D
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.