| Legal Citations: |
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| Origin Date: 1987 by the 69th Leg., 2nd C.S. |
| Issue Date: 1987-09-01 |
| Revised Date: 2011-09-01 |
Purpose
May be appropriated for administration and enforcement of law governing horse and greyhound racing. Any amount of General Revenue appropriated for administration and enforcement in excess of the cumulative amount deposited in this account shall be reimbursed from this account not later than one year after the date on which the funds were appropriated, with 6 3/4% interest per year. The commission distributes 80% of breakage as follows: 40% to owner, 40% to breeders, and 20% to stallion owner. If the Commission is unable to distribute a share to the person entitled to it, the Commission shall retain the share in this account.
| Classification |
Group 01: General State Operating and Disbursing Funds
[?]
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| Depository Interest |
Credited to General Revenue Fund (0001) |
| Disposition of Balance |
Unappropriated balance over $750,000 is transferred to General Revenue Fund (0001) at the close of each fiscal biennium. |
| Appropriation Technique |
General Appropriations Act |
Financial Activity
To view this
GR account's
current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Notes
Exempt from loss of dedication (§ 403.094, Government Code) by H.B. 3050, 74th Leg., R.S.;
12% interest reduced and remaining balance transfer amended by H.B. 2271, 82nd Leg., R.S.
USAS Values
| USAS Title |
GR ACCT-TX RACING COMMISSION |
| Consolidated Fund |
0001 |
| State Fund Group |
01 - GENERAL STATE OPERATING & DISBURSING FDS
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| USAS Status |
A |
Used to make general expenditures for the daily operations of state government.
