By Park H.B. No. 2470
74R6664 MWV-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to amounts set aside from live pari-mutuel pools for the
1-3 state.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 6.08(c), Texas Racing Act (Article 179e,
1-6 Vernon's Texas Civil Statutes), is amended to read as follows:
1-7 (c) A horse racing association shall set aside for the
1-8 state:
1-9 (1) an amount equal to three <one> percent of each
1-10 live pari-mutuel pool, from the first $100 million of the total
1-11 amount of all live pari-mutuel pools of the association in a
1-12 calendar year;
1-13 (2) an amount equal to four <two> percent of each live
1-14 pari-mutuel pool, from the next $100 million of the total amount of
1-15 all live pari-mutuel pools of the association in a calendar year;
1-16 (3) an amount equal to five <three> percent of each
1-17 live pari-mutuel pool, from the next $100 million of the total
1-18 amount of all live pari-mutuel pools of the association in a
1-19 calendar year;
1-20 (4) an amount equal to six <four> percent of each live
1-21 pari-mutuel pool, from the next $100 million of the total amount of
1-22 all live pari-mutuel pools of the association in a calendar year;
1-23 and
1-24 (5) an amount equal to seven <five> percent of each
2-1 live pari-mutuel pool, from the total amount of all live
2-2 pari-mutuel pools of the association in a calendar year not covered
2-3 by Subdivisions (1) through (4) of this subsection.
2-4 SECTION 2. This Act applies only to a live pari-mutuel pool
2-5 created on or after the effective date of this Act.
2-6 SECTION 3. The importance of this legislation and the
2-7 crowded condition of the calendars in both houses create an
2-8 emergency and an imperative public necessity that the
2-9 constitutional rule requiring bills to be read on three several
2-10 days in each house be suspended, and this rule is hereby suspended,
2-11 and that this Act take effect and be in force from and after its
2-12 passage, and it is so enacted.