Establishment of Texas Derbies

Sec. 2031.001. ESTABLISHMENT OF TEXAS DERBIES. (a) The commission shall establish as Texas Derbies the following annual stakes races: (1) one race open to three-year-old Thoroughbreds; (2) one race open only to three-year-old Texas-bred Thoroughbreds; (3) one race open to three-year-old quarter horses; and (4) one race open only to three-year-old Texas-bred quarter horses. (b) Each Texas Derby must be held annually on a date and at the class 1 racetrack determined by the commission. The commission shall determine the location of each Texas Derby in consultation with: (1) each class 1 racetrack; (2) the official state horse breed registries; and (3) the official horsemen's organization. (c) The commission may sell the right to name a Texas Derby. The commission shall deposit the proceeds from the sale of the right to name a Texas Derby into the Texas Derby escrow purse fund established under Section 2031.004. Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.