Tex. Gov't Code § 480.0205 · Subchapter E. DISBURSEMENTS FROM FUND
LIMITATION ON CERTAIN DISBURSEMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A disbursement from the events trust fund is limited to five percent of the cost of a structural improvement or a fixture if:
(1) an obligation is incurred under an event support contract to make the improvement or add the fixture to a site for an event; and
(2) the improvement or fixture is expected to derive most of its value in subsequent uses of the site for future events.
(b) The remainder of an obligation described by Subsection (a) is not eligible for a disbursement from the events trust fund, unless the obligation is for an improvement or fixture for a publicly owned 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 b0d3bfd3172332a20beef43951080be4f88d66c77745fe82c912dfc83fa90b35
- 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 § 480.0205. 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.