Tex.
Occ. Code Section 2028.205
Additional Allocations for Certain Racetracks
(a)
In addition to money allocated under Section 2028.204 (Allocation of Money in Escrow Accounts), a horse racetrack association operating a racetrack that is located not more than 75 miles from a greyhound racetrack that offers wagering on a cross-species simulcast signal and that sends the cross-species simulcast signal to the greyhound racetrack may apply to the commission for an allocation of up to 20 percent of the money in the escrowed account that is attributable to the wagering on a cross-species simulcast signal at the greyhound racetrack.(b)
If the applying horse racetrack association can prove to the commission’s satisfaction that the racetrack association’s handle has decreased directly due to wagering on an interstate cross-species simulcast signal at a greyhound racetrack located not more than 75 miles from the applying racetrack association, the commission shall allocate amounts from the escrowed account as the commission considers appropriate to compensate the racetrack association for the decrease. The amounts allocated may not exceed 20 percent of the money in the escrowed account that is attributable to the wagering on the interstate cross-species simulcast signal at the greyhound racetrack.(c)
Money allocated by the commission under this section may be used by the racetrack association for any purpose.
Source:
Section 2028.205 — Additional Allocations for Certain Racetracks, https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2028.htm#2028.205 (accessed May 18, 2024).
