Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Occupations Code § 2028.204: ALLOCATION OF MONEY IN ESCROW ACCOUNTS.

(a) A greyhound racetrack association shall deposit into an escrow account in the commission's registry the purse set aside under Section 2028.202(b)(4).
(b) Any horse racetrack association in this state may apply to the commission for receipt of money in the horse industry escrow account for use as purses. Any state horse breed registry listed in Section 2030.002(a) may apply for receipt of money in the account for any event that furthers the horse industry. The commission:
(1) shall determine the horse racetrack associations and state horse breed registries to be allocated money from the account and the percentages to be allocated, taking into consideration purse levels, racing opportunities, and the financial status of the requesting racetrack association or requesting breed registry; and
(2) may not annually allocate more than 70 percent of the amount deposited into the account to horse racetrack associations for use as purses.
Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 1365 (H.B. 2463), Sec. 3, eff. September 1, 2019.
Acts 2019, 86th Leg., R.S., Ch. 1365 (H.B. 2463), Sec. 4, eff. September 1, 2019.

Where this section sits in the code

OCCUPATIONS CODE
TITLE 13. SPORTS, AMUSEMENTS, AND ENTERTAINMENT
SUBTITLE A-1. TEXAS RACING ACT
CHAPTER 2028. PARI-MUTUEL POOLS, PURSES, AND FEES
SUBCHAPTER E. DISTRIBUTION OF SIMULCAST PARI-MUTUEL POOLS

(a) A greyhound racetrack association shall deposit into an escrow account in the commission's registry the purse set aside under Section 2028.202(b)(4).

(b) Any horse racetrack association in this state may apply to the commission for receipt of money in the horse industry escrow account for use as purses. Any state horse breed registry listed in Section 2030.002(a) may apply for receipt of money in the account for any event that furthers the horse industry. The commission:

(1) shall determine the horse racetrack associations and state horse breed registries to be allocated money from the account and the percentages to be allocated, taking into consideration purse levels, racing opportunities, and the financial status of the requesting racetrack association or requesting breed registry; and

(2) may not annually allocate more than 70 percent of the amount deposited into the account to horse racetrack associations for use as purses.

Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.

Amended by:

Acts 2019, 86th Leg., R.S., Ch. 1365 (H.B. 2463), Sec. 3, eff. September 1, 2019.

Acts 2019, 86th Leg., R.S., Ch. 1365 (H.B. 2463), Sec. 4, eff. September 1, 2019.

Collected 2026-08-27T01:47:31Z. Source file · JSON

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