Honorable Tracy O. King, Chair, House Committee on Licensing & Administrative Procedures
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB1995 by King, Tracy O. (Relating to the distribution to the Texas Racing Commission of certain money deducted from simulcast pari-mutuel pools.), As Introduced
No fiscal implication to the State is anticipated.
Under both current statute and the provisions of the bill, the state share of simulcast pari-mutuel pools would be deposited to the General Revenue Fund.
This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either with or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in the bill would be subject to funds consolidation review by the current Legislature.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 476 Racing Commission