The Texas Thoroughbred Association and Texas Horsemen’s Partnership are delighted to report that 5 expenses have been submitted with the Texas Legislature that might benefit the Texas racing market.
Sen. Lois Kolkhorst (R) submitted 3 expenses in the Senate:
SB # 1971— Would develop a bag matching fund from the state’s general profits fund that is anticipated to increase handbags by $25 million. Committee alternative language is anticipated to clarify specifics.
SB # 1972— Would move Accredited Texas-Bred funds from the Texas Racing Commission’s spending plan and develop an escrow represent the cash.
SB # 1973— Would make use of existing state tax profits on simulcast wagers that presently goes to the Texas general earnings fund in order to help pay the expenses of running the Texas Racing Commission. Currently, all the expenses of running the Commission are borne by the racing market through track and occupational license charges.
Rep. John Kuempel (R) of Seguin submitted 2 expenses in your home of Representatives. Kuempel, Chairman of your home Licensing and Administrative Procedures Committee, is a long time buddy of the Texas racing market. Your house bills are:
HB # 3925 — Would legislate account betting on Texas racing and develop systems for the Texas Racing Commission to accredit and control account betting operators.
HB # 3926 — Would license purpose-driven pari-mutuel betting at the 10 Texas centers presently certified to carry out live or simulcast racing. Purpose-driven pari-mutuel betting would supply funding for boosted bulletproof vests and body armor for all peace officers in Texas, funding to increase survivor benefit for the partners and households of police officers eliminated in the line of task, and donor-directed funding for 501( c)( 3) charitable companies running in Texas. It would also increase bag money offered for racing in Texas.
It can be a long and difficult procedure to obtain an expense gone by the Texas Legislative. Nevertheless, this is the very first time in several years that many advantageous expenses have been submitted on behalf of the Texas racing market.
“The TTA wants to thank Senators Kolkhorst and Buckingham and Representative Kuempel for sponsoring these expenses and acknowledging the significance of the racing and reproducing market in this state,” stated Mary Ruyle, executive director of the TTA. “We motivate horsemen to voice their assistance for these expenses.”