Sec. 2028.203. REIMBURSEMENT FOR SIMULCAST SIGNAL COST. If a racetrack association purchases an interstate simulcast signal and the signal cost exceeds five percent of the pari-mutuel pool, the commission, from the escrowed account under Section 2028.202(b)(4), shall reimburse the racetrack association an amount equal to one-half of the signal cost that exceeds five percent of the pari-mutuel pool.
Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 1365 (H.B. 2463), Sec. 2, eff. September 1, 2019.
Structure Texas Statutes
Title 13 - Sports, Amusements, and Entertainment
Subtitle A-1 - Texas Racing Act
Chapter 2028 - Pari-Mutuel Pools, Purses, and Fees
Subchapter E. Distribution of Simulcast Pari-Mutuel Pools
Section 2028.202. Required Distributions
Section 2028.203. Reimbursement for Simulcast Signal Cost
Section 2028.204. Allocation of Money in Escrow Accounts
Section 2028.2041. Allocation of Certain Funds
Section 2028.205. Additional Allocations for Certain Racetracks