Tex. Gov't Code § 480.0204 · Subchapter E. DISBURSEMENTS FROM FUND
ALLOWABLE EXPENSES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Money in the events trust fund may be used to:
(1) pay the principal of and interest on notes issued under Section 480.0252; and
(2) fulfill obligations of an endorsing municipality, an endorsing county, or this state to a site selection organization under an event support contract.
(b) Subject to Sections 480.0202 and 480.0205, the obligations described by Subsection (a)(2) may include the payment of:
(1) the costs relating to the preparations necessary for conducting the event; and
(2) the costs of conducting the event, including costs of an improvement or renovation to an existing facility and costs of acquisition or construction of a new facility or other facility.
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 29ebcd41bda8b8527c85f643a1b7b18081340f5b141a1311ff20a302b38a6259
- 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
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