By:  Nelson                                            S.B. No. 633
       73R3339 LJD-F
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the dedication of state revenue derived from horse
    1-3  racing and greyhound racing to the foundation school fund.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 3.09, Texas Racing Act (Article 179e,
    1-6  Vernon's Texas Civil Statutes), is amended to read as follows:
    1-7        Sec. 3.09.  Funding.  (a)  The comptroller shall deposit the
    1-8  state's share of each pari-mutuel pool from horse racing and
    1-9  greyhound racing in the foundation school fund <General Revenue
   1-10  Fund>.
   1-11        (b)  The commission shall deposit the money it collects under
   1-12  this Act in the State Treasury to the credit of a special fund to
   1-13  be known as the Texas Racing Commission fund.  The Texas Racing
   1-14  Commission fund may be appropriated only for the administration and
   1-15  enforcement of this Act.  Any unappropriated money remaining in
   1-16  that special fund at the close of each fiscal biennium shall be
   1-17  transferred to the foundation school fund <General Revenue Fund>
   1-18  and may be appropriated for any legal purpose for which money in
   1-19  that fund may be appropriated.  The legislature may also
   1-20  appropriate money from the General Revenue Fund for the
   1-21  administration and enforcement of this Act.  Any amount of general
   1-22  revenue appropriated for the administration and enforcement of this
   1-23  Act in excess of the cumulative amount deposited in the Texas
   1-24  Racing Commission fund shall be reimbursed from the Texas Racing
    2-1  Commission fund not later than one year after the date on which the
    2-2  general revenue funds are appropriated, with 12 percent interest
    2-3  per year.
    2-4        SECTION 2.  This Act takes effect September 1, 1993, and
    2-5  applies only to money received by the comptroller or the Texas
    2-6  Racing Commission under Section 3.09, Texas Racing Act (Article
    2-7  179e, Vernon's Texas Civil Statutes), on or after that date.
    2-8        SECTION 3.  The importance of this legislation and the
    2-9  crowded condition of the calendars in both houses create an
   2-10  emergency and an imperative public necessity that the
   2-11  constitutional rule requiring bills to be read on three several
   2-12  days in each house be suspended, and this rule is hereby suspended.