Issue Date: 1987-12-11
Revised Date: 2019-09-01

Legal Cites

Object Type

Cash — Business Regulation

Origin Date

1987 by S.B. 15, 69th Leg., 2nd C.S., November 3, 1987 Ballot

Description

Breakage from horse races is distributed as follows:

  1. 2% used for equine research at Texas A&M.
  2. The remaining 98% allocated as follows:
    • 10% from a live or simulcast pari-mutuel pool deposited to Fund 0327 for use by the appropriate state horse breed registry.
    • 10% from a live or simulcast pari-mutuel pool retained by the association for use in stakes races restricted to accredited Texas-bred horses.
    • 80% deposited to Fund 0327:
      • 40% to the owners of the accredited Texas-bred horses that finish first, second or third;
      • 40% to the breeders of the accredited Texas-bred horses that finish first, second or third; and
      • 20% to the owner of the stallion standing in this state at the time of conception whose Texas-bred finish first, second or third.

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).

Due Date

As established by the Texas Racing Commission rules.

Collecting Agencies

Note

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.

USAS Values

Appropriation Year 20
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