Texas 2021 - 87th Regular

Texas Senate Bill SB579

Caption

Relating to the eligibility of the Concacaf Gold Cup for funding under the Major Events Reimbursement Program.

Impact

The implications of SB579 are significant as it facilitates collaborations between local governments and major sporting organizations. By adding the Concacaf Gold Cup to the eligibility list, the bill potentially increases funding resources available to municipalities that host such events, allowing them to capitalize on the economic benefits derived from tourism. This act emphasizes Texas's commitment to becoming a more attractive destination for international sporting events, thus fostering local economic development through increased visitor spending, job creation, and infrastructure improvement associated with event hosting.

Summary

SB579 is a legislative act that seeks to amend the eligibility criteria for funding under the Major Events Reimbursement Program to include the Confederation of North, Central America and Caribbean Association Football (Concacaf) Gold Cup. This adjustment signifies a shift in how the state of Texas recognizes and supports large-scale sports events, broadening the list of sanctioned activities that can qualify for financial reimbursement. The bill's inclusion of the Concacaf Gold Cup is aimed at promoting sports tourism and enhancing the state's reputation as a host for significant athletic competitions.

Contention

While supporters argue that this bill will enhance revenue streams and promote Texas as a premier destination for international sports, there are concerns regarding the fiscal implications of such funding. Opponents may point out that expanding eligibility for such programs could strain state resources, particularly if hosting these large events does not yield the anticipated economic returns. Additionally, some critics may question whether the state should prioritize funding for sporting events over other essential community needs, highlighting potential trade-offs in resource allocation and prioritization of state funds.

Companion Bills

TX HB1472

Same As Relating to the eligibility of the Concacaf Gold Cup for funding under the Major Events Reimbursement Program.

Previously Filed As

TX HB2231

Relating to the eligibility of certain events for funding under the major events reimbursement program.

TX SB1118

Relating to the eligibility of certain events for funding under the major events reimbursement program.

TX SB2325

Relating to the eligibility of certain events for funding under the Major Events Reimbursement Program.

TX HB4805

Relating to the eligibility of certain cricket events for funding under the major events reimbursement program.

TX SB874

Relating to the eligibility of certain cricket events for funding under the major events reimbursement program.

TX HB1950

Relating to the major events reimbursement program, including event funding eligibility, site selection organizations, and single event and single year classifications.

TX HB4264

Relating to the eligibility of the National Reined Cow Horse Association Championship Series for funding under the major events reimbursement program.

TX HB4419

Relating to the promotion of film and television production in this state, including the eligibility of film or television productions for funding under the major events reimbursement program, the creation of a film events trust fund and a film production tax rebate trust fund, the establishment of virtual film production institutes, and the designation of media production development zones.

TX HB4595

Relating to nonsubstantive additions to, revisions of, and corrections in enacted codes and to the nonsubstantive codification or disposition of various laws omitted from enacted codes.

TX SB1158

Relating to single event classification for eligibility under the major events reimbursement program.

Similar Bills

No similar bills found.