Texas § OC.2028.204 - ALLOCATION OF MONEY IN ESCROW ACCOUNTS
Full text of Texas The Texas Constitution § OC.2028.204 — ALLOCATION OF MONEY IN ESCROW ACCOUNTS, with citation guidance and answers to common questions.
§ OC.2028.204. ALLOCATION OF MONEY IN ESCROW ACCOUNTS
ALLOCATION OF MONEY IN ESCROW ACCOUNTS. (a) A greyhound racetrack association shall deposit into an escrow account in the commission's registry the purse set aside under Section 2028.202 (b)(4). (b) Any horse racetrack association in this state may apply to the commission for receipt of money in the horse industry escrow account for use as purses. Any state horse breed registry listed in Section 2030.002 (a) may apply for receipt of money in the account for any event that furthers the horse industry. The commission: (1) shall determine the horse racetrack associations and state horse breed registries to be allocated money from the account and the percentages to be allocated, taking into consideration purse levels, racing opportunities, and the financial status of the requesting racetrack association or requesting breed registry; and (2) may not annually allocate more than 70 percent of the amount deposited into the account to horse racetrack associations for use as purses. 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. 3, eff. September 1, 2019. Acts 2019, 86th Leg., R.S., Ch. 1365 (H.B. 2463 ), Sec. 4, eff. September 1, 2019.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § OC.2028.204
What does The Texas Constitution § OC.2028.204 cover?
Section OC.2028.204 ("ALLOCATION OF MONEY IN ESCROW ACCOUNTS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § OC.2028.204?
A common citation format is "The Texas Constitution § OC.2028.204" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § OC.2028.204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.