Texas 2021 - 87th 2nd C.S.

Texas House Bill HB192

Caption

Relating to the eligibility of the Professional Bull Riders World Finals for funding under the Major Events Reimbursement Program.

Impact

The inclusion of the Professional Bull Riders World Finals in the funding program is expected to offer significant economic benefits, particularly in the host city and surrounding regions. Proponents argue that the event attracts large crowds, generates hotel and business revenues, and creates jobs. By providing financial assistance, the state aims to maintain its competitive edge in hosting high-profile events and to promote local tourism.

Summary

House Bill 192 aims to amend the eligibility criteria for funding under the Major Events Reimbursement Program in Texas. This bill specifically includes the Professional Bull Riders World Finals in the list of events that qualify for financial support provided by the state. The intention behind this legislation is to enhance the profile of Texas as a destination for major sporting events and to support economic growth generated through tourism and related activities.

Conclusion

Overall, HB192 reflects a broader strategy of leveraging major sporting events to stimulate economic activity in Texas. As the bill progresses through the legislative process, it will be important to consider both the potential economic gains and the implications for state funding priorities in addressing community needs.

Contention

While supporters highlight the economic benefits associated with hosting prestigious events, critics have raised concerns regarding the allocation of state funds for such purposes. There are apprehensions that prioritizing funding for specific events may divert resources away from other essential public services or local projects. Moreover, discussions may arise over the sustainability of such funding models and whether they provide long-term benefits to the community.

Companion Bills

No companion bills found.

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 HB1942

Relating to the regulation of sports wagering; requiring occupational permits; authorizing fees; imposing a tax; decriminalizing wagering on certain sports events; creating criminal offenses; providing administrative penalties.

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