Texas 2021 - 87th Regular

Texas House Bill HB1472

Caption

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

Impact

The incorporation of the Concacaf Gold Cup into the eligibility list reflects a broader strategy to boost economic development through tourism related to major sports events. Supporters argue that this funding could bring substantial revenue into the state through increased visitor numbers and enhanced visibility of Texas as a host for international events. The bill potentially strengthens Texas's position in attracting prominent sporting events, which could have long-term positive effects on local economies.

Summary

House Bill 1472 addresses the eligibility criteria for funding under the Major Events Reimbursement Program, specifically including the Concacaf Gold Cup as an event eligible for state funding. This amendment allows events considered major sporting events, including international competitions like the Gold Cup, to potentially receive financial support from the state. This is seen as a significant move to promote tourism and economic activity associated with large events held in Texas.

Sentiment

The general sentiment surrounding HB 1472 seemed to be supportive among various stakeholders, including sports associations and local municipalities that stand to benefit financially from hosting major events. However, there are concerns among some lawmakers about the implications of committing state funds to support specific events, particularly considering other pressing budgetary demands. Discussions highlight a recognition of the potential positive economic impact against the need to carefully manage state resources.

Contention

While the bill passed through the legislative process with overall majority support, it faced scrutiny concerning the priorities of state funding. Critics raised questions about whether the state should prioritize funding for sporting events over other critical areas such as education or healthcare. Nonetheless, the bill ultimately received enough support to pass, indicating a prevailing belief in the economic benefits associated with hosting major sports events like the Concacaf Gold Cup.

Companion Bills

TX SB579

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.