The horse racing industry in Texas has suffered tremendous declines in the last ten (10) years due to the lack of incentives for racing in Texas that surrounding states have provided to their racing industry.  This has resulted in the surrounding states having purses, which has resulted in the migration of horses and jobs out of Texas to these other states.  The Texas Racing Commission has proposed new rules to provide for historical racing to be conducted at Texas race tracks.  Historical racing is pari-mutuel wagering on live horse races conducted in the past.  Historical racing, if approved, will provide substantial increases in purses for live racing conducted in Texas.  This will bring horses and jobs back to Texas and promote economic development in Texas agricultural, horse breeding, horse training, greyhound breeds and greyhound training industries as well as other racing related industries.