
| Legal Citations: |
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| Revenue Type: Cash — Business Regulation |
| Origin Date: 1987 by S.B. 15, 69th Leg., 2nd C.S., November 3, 1987 Ballot |
| Issue Date: 1987-12-11 |
| Revised Date: 2019-09-01 |
Breakage from horse races is distributed as follows:
A greyhound track that shows closed circuit horse racing shall deduct from each pool a purse of 4.5% to be escrowed with the commission for purses to be allocated to eligible horse racetrack associations. (Deposited to Fund 0876).
As established by the Texas Racing Commission rules.
Name changed from Racing Association Fees in December 1990.
Distribution amended by H.B. 2263, 72nd Leg. R.S.
Amended by H.B. 1445, 75th 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. 6.08 and 6.091(c)(4).
Amended by H.B. 1995 and H.B. 3366, 86th Leg., R.S.
| Appropriation Year | 26 |
|---|---|
| USAS Title | BREAKAGE - HORSE RACING |
| Receipt Category | 14 – Other |
| Receipt Type | 90 – Other Receipts |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 05 – OTHER REVENUE |