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A BILL TO BE ENTITLED
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AN ACT
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relating to certain excess unappropriated money in and |
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reimbursement of appropriated money from the Texas Racing |
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Commission fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2023.053(e), Occupations Code, is |
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amended to read as follows: |
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(e) Any amount of general revenue appropriated for the |
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administration and enforcement of this subtitle in excess of the |
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cumulative amount deposited in the Texas Racing Commission fund |
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shall be reimbursed from the Texas Racing Commission fund [not |
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later than the first anniversary of the date the general revenue |
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funds are appropriated, with 6.75 percent interest. All payments |
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made under this subsection are first attributable to interest |
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accumulated under this subsection]. |
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SECTION 2. Section 2023.053(c), Occupations Code, is |
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repealed. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2023. |