yourstate.us
Home / Texas / Occupations Code
Tex. Occupations Code § 2031.004

TEXAS DERBY ESCROW PURSE FUND

Texas · Texas Occupations Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Occupations Code § 2031.004, TEXAS DERBY ESCROW PURSE FUND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/704343
Permanent ID
ys:prov:704343@1
SHA-256
c0ddd5c738d016fb8e0e3812a33314f31dd69a1f45845a6baa592d5a518508d3

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) The commission shall establish a Texas Derby escrow purse fund. (b) Notwithstanding Section 2023.053 or 2024.055 or any other law, the commission by rule shall determine a portion of the fees, charges, and other revenue collected under this subtitle to be deposited to the credit of the Texas Derby escrow purse fund in the amount reasonably necessary to maintain competitive purses for each Texas Derby. (c) The commission shall by rule establish a schedule of entrance fees for participants in each Texas Derby. A portion of each entrance fee, in the amount determined by the commission under Subsection (b), shall be deposited in the Texas Derby escrow purse fund. (d) The commission by rule may assess under this subtitle additional charges and fees, including gate fees, to supplement the funds otherwise deposited in the Texas Derby escrow purse fund under this section. (e) The commission may not: (1) use funds from the accredited Texas-bred program under Subchapter A, Chapter 2030, or the escrowed purse account under Section 2028.204 to fund the Texas Derby escrow purse fund; or (2) order a state horse breed registry to fund a purse for a Texas Derby, make contributions to the Texas Derby escrow purse fund, or pay the expenses of a Texas Derby race. (f) State revenue may not be deposited to the credit of the Texas Derby escrow purse fund except as provided by this section.