This website will be unavailable from Thursday, May 30, 2024 at 6:00 p.m. through Monday, June 3, 2024 at 7:00 a.m. due to data center maintenance.
Amend CSHB 254 (house committee printing) as follows:
(1) On page 3, line 4, between the period and "The", insert "(a)".
(2) On page 3, between lines 5 and 6, insert the following:
(b) The commission shall by rule establish a schedule of entrance fees for participants in each Texas Derby. A portion determined by the commission of each entrance fee shall be deposited in the Texas Derby escrow purse fund.
(c) Notwithstanding Section 3.09 of this Act or any other law, the commission by rule shall determine a portion of the fees, charges, and other revenue collected under this Act to be deposited to the credit of the Texas Derby escrow purse fund as reasonably necessary to maintain competitive purses for each Texas Derby.
(d) The commission by rule may assess under this Act additional charges and fees, including gate fees, to supplement the funds otherwise deposited in the Texas Derby escrow purse fund under this section.
(e) Other than as provided by this section, no other state revenue may be deposited to the credit of the Texas Derby escrow purse fund.
(3) On page 3, strike lines 6 through 9, and substitute the following:
SECTION 2. As soon as practicable after the effective date of this Act, the Texas Racing Commission shall adopt the rules necessary to implement Section 9A.003, Texas Racing Act (Article 179e, Vernon's Texas Civil Statutes), as added by this Act.