Amend HB 2701 (Senate committee printing) as follows:                        
	(1)  Strike Section 3 of the bill (page 1, lines 28-37).                       
	(2)  Insert the following appropriately numbered SECTION to 
the bill and renumber existing SECTIONS accordingly:
	SECTION __.  Section 6.06, Texas Racing Act (Article 179e, 
Vernon's Texas Civil Statutes), is amended by amending Subsection 
(h) and adding Subsections (j) and (k) to read as follows:
	(h)  A person may not own more than a five percent interest in 
more than three [two] racetracks licensed under this Act.
	(j)  Notwithstanding any other law, a person who owns an 
interest in two or more racetracks licensed under this Act and who 
also owns an interest in a license issued under Subtitle B, Title 3, 
Alcoholic Beverage Code, may own an interest in the premises of 
another holder of a license or permit under Title 3, Alcoholic 
Beverage Code, if the premises of that other license or permit 
holder are part of the premises of a racetrack licensed under this 
Act.
	(k)  The commission shall review the ownership and 
management of a license issued under this article every five years 
beginning on the fifth anniversary of the issuance of the license.  
In performing the review, the commission may require the license 
holder to provide any information that would be required to be 
provided in connection with an original license application under 
Article 5 of this Act or this article.  The commission shall charge 
fees for the review in amounts sufficient to implement this 
subsection.