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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) In this section, “Texas-bred race” has the meaning assigned by Section 2030.003.
(b) To encourage horse breeding in this state, an accredited Texas-bred horse finishing first, second, or third in a race in this state, except a restricted stakes race, is entitled to receive a purse supplement.
(c) Funds for the purse supplements shall be derived from the breakage as provided by Subchapters C and E, Chapter 2028. 1
(d) An accredited Texas-bred Thoroughbred horse that finishes first, second, or third in a race other than a Texas-bred race is entitled to receive an owner's bonus award as a purse supplement. Twenty-five percent of the Texas-bred program funds received under Subchapters C and E, Chapter 2028, excluding expenses for administration of the Texas-bred program, shall be allocated to fund the bonus awards.
Cite this article: FindLaw.com - Texas Occupations Code - OCC § 2030.004. Purse Supplements for Texas-Bred Races - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-2030-004/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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