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Can you summarize Tex. Gov't. Section 2175.904?
MISCELLANEOUS PROVISIONS > DISPOSAL OF GAMBLING EQUIPMENT.
Short Summary
This legal document governs the establishment of a program for the sale of gambling equipment received from municipalities, commissioners court, or state agencies. The commission is authorized to sell gambling equipment only to individuals or entities that hold a valid license or authorization to sell, lease, or operate gambling equipment in another state or foreign jurisdiction where it is lawful. The proceeds from the sale of gambling equipment from municipalities or commissioners court, after deducting the costs of the sale, are divided between the commission and the respective municipality or commissioners court according to an agreement. At least 50 percent of the net proceeds are remitted to the commissioners court, while the remainder is retained by the commission and deposited into the general revenue fund. Proceeds from the sale of gambling equipment from state agencies are also deposited into the general revenue fund. This document was added by Acts 2007, 80th Leg., R.S., Ch. 1233 (H.B. 2462), Sec. 1, and amended by Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 29.15.
Whom does it apply to?
The commission, municipalities, commissioners court, state agencies
What does it govern?
Disposal of gambling equipment
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Texas