Texas § OC.2031.004 - TEXAS DERBY ESCROW PURSE FUND
Full text of Texas The Texas Constitution § OC.2031.004 — TEXAS DERBY ESCROW PURSE FUND, with citation guidance and answers to common questions.
§ OC.2031.004. TEXAS DERBY ESCROW PURSE FUND
TEXAS DERBY ESCROW PURSE FUND. (a) The commission shall establish a Texas Derby escrow purse fund. (b) Notwithstanding Section 2023.053 or 2024.055 or any other law, the commission by rule shall determine a portion of the fees, charges, and other revenue collected under this subtitle to be deposited to the credit of the Texas Derby escrow purse fund in the amount reasonably necessary to maintain competitive purses for each Texas Derby. (c) The commission shall by rule establish a schedule of entrance fees for participants in each Texas Derby. A portion of each entrance fee, in the amount determined by the commission under Subsection (b), shall be deposited in the Texas Derby escrow purse fund. (d) The commission by rule may assess under this subtitle additional charges and fees, including gate fees, to supplement the funds otherwise deposited in the Texas Derby escrow purse fund under this section. (e) The commission may not: (1) use funds from the accredited Texas-bred program under Subchapter A , Chapter 2030 , or the escrowed purse account under Section 2028.204 to fund the Texas Derby escrow purse fund; or (2) order a state horse breed registry to fund a purse for a Texas Derby, make contributions to the Texas Derby escrow purse fund, or pay the expenses of a Texas Derby race. (f) State revenue may not be deposited to the credit of the Texas Derby escrow purse fund except as provided by this section. Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969 ), Sec. 1.01, eff. April 1, 2019.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § OC.2031.004
What does The Texas Constitution § OC.2031.004 cover?
Section OC.2031.004 ("TEXAS DERBY ESCROW PURSE FUND") 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.2031.004?
A common citation format is "The Texas Constitution § OC.2031.004" (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.2031.004 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.