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.