Tex. Gov't Code § 480.0203 · Subchapter E. DISBURSEMENTS FROM FUND
REDUCTION OF DISBURSEMENT AMOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After the conclusion of an event, the office shall compare information on the actual attendance figures provided under Section 480.0251 with the estimated attendance numbers used to determine the incremental increase in tax receipts under Section 480.0102. If the actual attendance figures are significantly lower than the estimated attendance numbers, the office may reduce the amount of a disbursement from the events trust fund for an endorsing entity:
(1) in proportion to the discrepancy between the actual and estimated attendance; and
(2) in proportion to the amount the entity contributed to the fund.
(b) The office by rule shall:
(1) define "significantly lower" for purposes of this section; and
(2) provide the manner in which the office may proportionately reduce a disbursement.
(c) This section does not affect the remittance under Section 480.0207 of any money remaining in the events trust fund.
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.480.htm
- Text hash
- sha256 e50cd28bf57f234c0a8debf6506d74745bfdbab681d5bee366df822a80901004
- 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
This section cites
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