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A BILL TO BE ENTITLED
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AN ACT
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relating to the deposit and distribution by the Texas Racing |
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Commission of certain pari-mutuel wagering funds to benefit the |
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Texas-bred program. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 3.09, Texas Racing Act (Article 179e, |
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Vernon's Texas Civil Statutes), is amended by adding Subsection (c) |
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to read as follows: |
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(c) This section does not apply to money deposited into the |
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Texas-bred incentive fund established under Section 6.095 of this |
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Act. |
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SECTION 2. Section 6.08, Texas Racing Act (Article 179e, |
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Vernon's Texas Civil Statutes), is amended by amending Subsections |
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(d), (g), and (j) and adding Subsections (d-1) and (j-1) to read as |
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follows: |
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(d) A horse racing association shall set aside for the |
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Texas-bred program as provided by Subsection (f) of this section an |
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amount equal to one percent of a live multiple two wagering pool and |
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a live multiple three wagering pool and pay that amount to the |
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commission. |
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(d-1) The commission shall deposit money paid to the |
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commission under Subsection (d) of this section into the Texas-bred |
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incentive fund established under Section 6.095 of this Act. The |
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commission shall distribute the money collected under this section |
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and deposited into the fund to the appropriate state horse breed |
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registries for the Texas-bred program in accordance with this |
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section and commission rules adopted under Subsection (g) of this |
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section. |
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(g) The commission shall adopt rules relating to the |
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deposit, accounting, audit, and distribution of all amounts set |
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aside for the Texas-bred program under this section and for the use |
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of those amounts by the state breed registries under that program. |
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(j) Ten percent of the total breakage from a live |
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pari-mutuel pool or a simulcast pari-mutuel pool is to be retained |
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by the association to be used in stakes races restricted to |
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accredited Texas-bred horses. The association shall pay to the |
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commission for deposit into the Texas-bred incentive fund |
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established under Section 6.095 of this Act and distribution to the |
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appropriate state horse breed registry [shall pay out] the |
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remaining 80 percent of the total breakage to be allocated as |
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follows: |
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(1) 40 percent [of the remaining breakage is
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allocated] to the owners of the accredited Texas-bred horses that |
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finish first, second, or third; |
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(2) 40 percent [is allocated] to the breeders of the |
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accredited Texas-bred horses that finish first, second, or third; |
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and |
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(3) 20 percent [is allocated] to the owner of the |
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stallion standing in this state at the time of conception whose |
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Texas-bred get finish first, second, or third. |
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(j-1) The commission shall deposit the portions of total |
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breakage paid to the commission under Subsections (i) and (j) of |
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this section into the Texas-bred incentive fund established under |
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Section 6.095 of this Act. The commission shall distribute the |
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money collected under this section and deposited into the fund to |
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the appropriate state horse breed registries in accordance with |
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this section and commission rules adopted under Subsection (g) of |
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this section. |
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SECTION 3. Section 6.09(d), Texas Racing Act (Article 179e, |
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Vernon's Texas Civil Statutes), is amended to read as follows: |
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(d) Fifty percent of the breakage is to be paid to the |
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appropriate state greyhound breeding registry. Of that portion of |
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the breakage 25 percent of that breakage is to be used in stakes |
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races and 25 percent of that total breakage from a live pari-mutuel |
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pool or a simulcast pari-mutuel pool is to be paid to the commission |
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for deposit into the Texas-bred incentive fund established under |
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Section 6.095 of this Act. The commission shall distribute the |
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money collected under this section and deposited into the fund to |
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[for the use by] the state greyhound breed registry for use in |
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accordance with this section, subject to rules promulgated by the |
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commission. |
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SECTION 4. Section 6.091, Texas Racing Act (Article 179e, |
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Vernon's Texas Civil Statutes), is amended by adding Subsection |
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(a-1) to read as follows: |
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(a-1) An association shall pay to the commission for deposit |
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into the Texas-bred incentive fund established under Section 6.095 |
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of this Act the shares to be distributed under Subsections (a)(3) |
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and (4) of this section for the Texas-bred program. The commission |
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shall distribute the money collected under this section and |
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deposited into the fund to the appropriate state breed registries |
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for use under the Texas-bred program. |
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SECTION 5. Article 6, Texas Racing Act (Article 179e, |
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Vernon's Texas Civil Statutes), is amended by adding Section 6.095 |
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to read as follows: |
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Sec. 6.095. TEXAS-BRED INCENTIVE FUND. The commission |
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shall deposit money set aside for the Texas-bred program under |
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Sections 6.08, 6.09, and 6.091 of this Act and money set aside for |
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use by state breed registries under Sections 6.08 and 6.09 of this |
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Act into an escrow account in the state treasury in the registry of |
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the commission to be known as the Texas-bred incentive fund. The |
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commission shall distribute money from the fund in accordance with |
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this article and commission rules. |
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SECTION 6. (a) The changes in law made by this Act to the |
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Texas Racing Act (Article 179e, Vernon's Texas Civil Statutes), |
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apply to the deductions and breakage from a wagering pool for a |
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horse or greyhound race conducted by a racetrack association on or |
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after the effective date of this Act. |
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(b) As soon as practicable after the effective date of this |
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Act, the Texas Racing Commission shall revise existing rules or |
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adopt new rules as necessary to comply with the Texas Racing Act |
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(Article 179e, Vernon's Texas Civil Statutes), as amended by this |
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Act. |
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SECTION 7. This Act takes effect only if a specific |
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appropriation for the implementation of the Act is provided in a |
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general appropriations act of the 85th Legislature. |
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SECTION 8. This Act takes effect September 1, 2017. |