Texas SB1989 modifies the use of proceeds from the horse industry account, restricting their use to law enforcement purposes.

Texas SB1989 amends the Texas Occupations Code to change how proceeds from the horse industry account are used. Greyhound racetrack associations must deposit a certain amount into an escrow account, which the Texas Racing Commission can only use for law enforcement purposes. The bill also restricts the commission from using these funds to finance the Texas Derby escrow purse fund or order state horse breed registries to fund the Texas Derby purse or its expenses.

Texas SB1989 modifies the use of proceeds from the horse industry account, restricting their use to law enforcement purposes.

Texas SB1989 amends the Texas Occupations Code to change how proceeds from the horse industry account are used. Greyhound racetrack associations must deposit a certain amount into an escrow account, which the Texas Racing Commission can only use for law enforcement purposes. The bill also restricts the commission from using these funds to finance the Texas Derby escrow purse fund or order state horse breed registries to fund the Texas Derby purse or its expenses.