Issue Date: 1987-09-01
Revised Date: 2019-09-01

Legal Cites

Origin:

1987 by the 69th Leg., 2nd C.S.

Purpose

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 6.75% interest per year. 

Classification Group 01: General State Operating and Disbursing Funds [?]
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

Administering Agencies

Note

Exempt from loss of dedication and created as a general revenue account (§ 403.094, Government Code) by H.B. 3050, 74th Leg., R.S.

12% interest reduced to 6.75% and remaining balance transfer amended by H.B. 2271, 82nd Leg., R.S.

Codified by S.B. 1969, 85th Leg., R.S. effective April 1, 2019. Previously under Texas Revised Civil Statutes, Art. 179e sec. 3.09 and 6.08.

Amended by H.B. 1995 and H.B. 3366, 86th Leg., R.S.

USAS Values

USAS Title GR ACCT-TX RACING COMMISSION
Consolidated Fund 0001
State Fund Group 01 - GENERAL STATE OPERATING & DISBURSING FDS
USAS Status A
Used to make general expenditures for the daily operations of state government.