LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 10, 2023 TO: Honorable Trent Ashby, Chair, House Committee on Culture, Recreation & Tourism FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1950 by King, Ken (Relating to the eligibility of the Professional Bull Riders World Finals for funding under the major events reimbursement program.), As Introduced The fiscal implications of the bill cannot be determined at this time. The fiscal impact would depend on the number and size of events covered under the bill. This bill would amend Sections 478.0001(3) and (7) of the Government Code to include the Professional Bull Riders World Finals as an event that is eligible for funding under the Major Events Reimbursement Program. The bill would also amend statute to add the Professional Bull Riders, LLC to the list of site selection organizations. According to the Office of the Governor, the fiscal impact of the bill to the state cannot be determined without information from the event organizers' application. This includes the market area, venue size, and attendee spending behavior. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 300 Trusteed Programs Within the Office of the Governor, 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, SZ, LCO, HGR
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 10, 2023
TO: Honorable Trent Ashby, Chair, House Committee on Culture, Recreation & Tourism FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1950 by King, Ken (Relating to the eligibility of the Professional Bull Riders World Finals for funding under the major events reimbursement program.), As Introduced
TO: Honorable Trent Ashby, Chair, House Committee on Culture, Recreation & Tourism
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1950 by King, Ken (Relating to the eligibility of the Professional Bull Riders World Finals for funding under the major events reimbursement program.), As Introduced
Honorable Trent Ashby, Chair, House Committee on Culture, Recreation & Tourism
Honorable Trent Ashby, Chair, House Committee on Culture, Recreation & Tourism
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1950 by King, Ken (Relating to the eligibility of the Professional Bull Riders World Finals for funding under the major events reimbursement program.), As Introduced
HB1950 by King, Ken (Relating to the eligibility of the Professional Bull Riders World Finals for funding under the major events reimbursement program.), As Introduced
The fiscal implications of the bill cannot be determined at this time. The fiscal impact would depend on the number and size of events covered under the bill.
The fiscal implications of the bill cannot be determined at this time. The fiscal impact would depend on the number and size of events covered under the bill.
This bill would amend Sections 478.0001(3) and (7) of the Government Code to include the Professional Bull Riders World Finals as an event that is eligible for funding under the Major Events Reimbursement Program. The bill would also amend statute to add the Professional Bull Riders, LLC to the list of site selection organizations. According to the Office of the Governor, the fiscal impact of the bill to the state cannot be determined without information from the event organizers' application. This includes the market area, venue size, and attendee spending behavior.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 300 Trusteed Programs Within the Office of the Governor, 304 Comptroller of Public Accounts
300 Trusteed Programs Within the Office of the Governor, 304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, SZ, LCO, HGR
JMc, SZ, LCO, HGR