By: Hall S.B. No. 1156
A BILL TO BE ENTITLED
AN ACT
relating to abolishing the Pan American Games trust fund, Olympic
Games trust fund, Major Events trust fund, Motor Sports Racing
trust fund, and Events trust fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 1507 (S.B. 456), Acts of the 76th
Legislature, Regular Session, 1999 (Article 5190.14, Vernon's
Texas Civil Statutes), is repealed.
SECTION 2. (a) On the effective date of this Act, each fund
established under Chapter 1507 (S.B. 456), Acts of the 76th
Legislature, Regular Session, 1999 (Article 5190.14, Vernon's
Texas Civil Statutes), is abolished.
(b) The applicable provisions of Chapter 1507 (S.B. 456),
Acts of the 76th Legislature, Regular Session, 1999 (Article
5190.14, Vernon's Texas Civil Statutes), as that chapter existed
immediately before the effective date of this Act, including any
trust funds established under that chapter, remain in effect as
those provisions apply in relation to the particular games or
events described by this subsection until all money from the trust
funds for the particular games or events has been disbursed and all
obligations under those games support contracts or event support
contracts have been satisfied. This subsection applies only if,
before the effective date of this Act:
(1) pursuant to an application by a local organizing
committee, endorsing municipality, or endorsing county, a site
selection organization selects a site in this state for a
particular event to which Chapter 1507 applies; and
(2) one or more games support contracts or event
support contracts for the particular games or event have been
entered into.
SECTION 3. The repeal by this article of Chapter 1507 (S.B.
456), Acts of the 76th Legislature, Regular Session, 1999 (Article
5190.14, Vernon's Texas Civil Statutes), does not apply to an
offense committed under Chapter 1507 before September 1, 2015. An
offense committed before September 1, 2015, is governed by that
chapter as it existed on the date the offense was committed, and the
former law is continued in effect for that purpose. For purposes of
this section, an offense was committed before September 1, 2015, if
any element of the offense occurred before that date.
SECTION 4. This Act takes effect September 1, 2015.