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Relating to the deposit and distribution by the Texas Racing
Commission of certain pari-mutuel wagering funds to benefit the
Estimated Two-year Net Impact to General Revenue Related Funds for HB 3366, As
Introduced: an impact of $0 through the biennium ending August 31, 2021.
HB 3366 would transfer funds set aside to fund the Texas-Bred Program to the newly created Texas-Bred Incentive Fund, with funds to be deposited to state horse breed registries for the program. The purpose for creating this new fund is to prevent the Texas Racing Commission's budget from being artificially inflated as a result of Texas-Bred Program funds being included, according to the author's office.
Texas Action remains neutral on HB 3366 as it does not affect our liberty principles.