Tex. Gov't Code § 479.0202 · Subchapter E. LOCAL POWERS AND DUTIES RELATING TO MOTOR SPORTS RACING EVENTS
ISSUANCE OF NOTES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) To meet its obligations under a motor sports racing event support contract or event support contract to improve, renovate, or acquire facilities or to acquire equipment, an endorsing municipality by ordinance or an endorsing county by order may authorize the issuance of notes.
(b) An endorsing municipality or endorsing county may provide that the notes be paid from and secured by:
(1) amounts on deposit or amounts to be transferred or deposited to the trust fund; or
(2) surcharges from user fees charged in connection with the motor sports racing event, including parking or ticket fees.
(c) A note issued must mature not later than the seventh anniversary of the date of issuance.
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.479.htm
- Text hash
- sha256 ca1cdbb99805b523e00c7bbeb00e17237b2dbdab54711a2f9762994ebd67dd1e
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Gov't Code § 479.0202. Each shows the citation as that text prints it.
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.