2 | 4 | | |
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3 | 5 | | |
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4 | 6 | | A BILL TO BE ENTITLED |
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5 | 7 | | AN ACT |
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6 | 8 | | relating to the Major Events Reimbursement Program and the Events |
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7 | 9 | | Trust Fund. |
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8 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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9 | 11 | | SECTION 1. Section 478.0107, Government Code, is amended by |
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10 | 12 | | to read as follows: |
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11 | 13 | | (a) Not later than the 10th month after the last day of an |
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12 | 14 | | event eligible for disbursements from the fund, using existing |
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13 | 15 | | resources, the [office] local organizing committee, endorsing |
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14 | 16 | | municipality, or endorsing county shall complete a study in the |
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15 | 17 | | market area of the event on the measurable economic impact directly |
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16 | 18 | | attributable to the preparation for and presentation of the event. |
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17 | 19 | | (b) The [office] local organizing committee, endorsing |
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18 | 20 | | municipality, or endorsing county shall post on the [office's] its |
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19 | 21 | | Internet website: |
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20 | 22 | | (1) the results of the study conducted under |
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21 | 23 | | Subsection (a), including any source documentation or other |
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22 | 24 | | information on which the [office] local organizing committee, |
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23 | 25 | | endorsing municipality, or endorsing county relied for the study; |
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24 | 26 | | (2) the incremental increase in tax receipts for the |
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25 | 27 | | event determined under Section 478.0102 and any source |
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26 | 28 | | documentation or information described by Section 478.0251 on which |
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27 | 29 | | the office relied to determine that increase; |
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28 | 30 | | (3) the documentation described by Section |
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29 | 31 | | 478.0101(3); and |
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30 | 32 | | (4) documentation verifying that: |
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31 | 33 | | (A) a request submitted under Section 478.0101 is |
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32 | 34 | | complete and certified as complete by the office; |
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33 | 35 | | (B) the office considered the information |
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34 | 36 | | submitted by a local organizing committee, endorsing municipality, |
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35 | 37 | | or endorsing county to determine the incremental increase in tax |
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36 | 38 | | receipts under Section 478.0102 as required by Section 478.0102(b); |
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37 | 39 | | and |
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38 | 40 | | (C) each deadline established under this chapter |
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39 | 41 | | was met. |
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40 | 42 | | SECTION 2. The following provision is repealed: |
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41 | 43 | | (1) Section 480.152, Government Code. |
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42 | 44 | | SECTION 3. This Act takes effect September 1, 2025. |
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