Tex. Gov't Code § 476.0152 · Subchapter D. DISBURSEMENTS FROM TRUST FUND
DISBURSEMENT FROM TRUST FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The office may make a disbursement from the trust fund only if the office certifies that the disbursement is for a purpose for which this state and the endorsing municipality are jointly obligated under a games support contract or another agreement providing assurances from the office or the municipality to a site selection organization.
(b) On a certification described by Subsection (a), the office shall satisfy the obligation:
(1) first, from municipal revenue deposited to the trust fund and any interest earned on that municipal revenue; and
(2) if the municipal revenue is insufficient to satisfy the entire deficit, from state revenue transferred to the trust fund and any interest earned on that state revenue in an amount sufficient to satisfy the portion of the deficit not covered by the municipal revenue.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.476.htm
- Text hash
- sha256 39612c4ba76f6f785db435673117286d010bb41d32b5675369750ece1054c2ed
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.