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.