Issue Date: 1987-09-01
Revised Date: 2023-09-01

Legal Cites

Origin:

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

Purpose

For administration and enforcement of law governing horse and greyhound racing.

Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Credited to General Revenue Fund (0001)
Disposition of Balance Unappropriated balance over $2 million 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.

Unappropriated balance transfer minimum increased from $750,000 to $2 million by H.B. 1620, 88th Leg., R.S.  H.B. 1620 also repealed the requirement that any GR appropriated for administration and enforcement in excess of the cumulative amount deposited in this account shall be reimbursed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 funds were appropriated, with 6.75% interest per year. 

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.