Relating to the major events reimbursement program and the events trust fund.

89(R) HB 5088 - Engrossed version - Bill Text

89R20237 PRL-D

By: Spiller

H.B. No. 5088

A BILL TO BE ENTITLED

AN ACT

relating to the major events reimbursement program and the events

trust fund.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Sections 478.0107(a) and (b), Government Code,

are amended to read as follows:

(a) Not later than the 10th month after the last day of an

event eligible for disbursements from the fund, using existing

resources, the
local organizing committee, endorsing municipality,

or endorsing county
[
office
] shall complete a study in the market

area of the event on the measurable economic impact directly

attributable to the preparation for and presentation of the event.

(b) The
local organizing committee, endorsing municipality,

or endorsing county
[
office
] shall post on the
committee's,

municipality's, or county's
[
office's
] Internet website:

(1) the results of the study conducted under

Subsection (a), including any source documentation or other

information on which the
committee, municipality, or county

[
office
] relied for the study;

(2) the incremental increase in tax receipts for the

event determined under Section 478.0102 and any source

documentation or information described by Section 478.0251 on which

the office relied to determine that increase;

(3) the documentation described by Section

478.0101(3); and

(4) documentation verifying that:

(A) a request submitted under Section 478.0101 is

complete and certified as complete by the office;

(B) the office considered the information

submitted by a local organizing committee, endorsing municipality,

or endorsing county to determine the incremental increase in tax

receipts under Section 478.0102 as required by Section 478.0102(b);

and

(C) each deadline established under this chapter

was met.

SECTION 2. Section 480.0153, Government Code, is amended to

read as follows:

Sec. 480.0153. OTHER LOCAL MONEY. (a)
An
[
In lieu of the

municipal and county tax revenues remitted or retained under

Section 480.0152, an
] endorsing municipality or endorsing county

shall
[
may
] remit to the office for deposit to the events trust fund

other local money in an amount equal to the total amount of

municipal and county tax revenue determined under Sections

480.0102(a)(2)-(5).

(b) An endorsing municipality or endorsing county must

remit the [
other
] local money not later than the 90th day after the

last day of an event.

[
(c)

For purposes of Section 480.0155, the amount deposited

under this section is considered remitted municipal and county tax

revenue.
]

SECTION 3. Section 480.0155(a), Government Code, is amended

to read as follows:

(a) The comptroller, at the direction of the office, shall

transfer to the events trust fund a portion of the state tax revenue

in an amount equal to 6.25 multiplied by the amount of the municipal

and county tax revenue [
retained or
] remitted under this chapter,

including:

(1) local sales and use tax revenue;

(2) mixed beverage tax revenue;

(3) hotel occupancy tax revenue; and

(4) surcharge and user fee revenue.

SECTION 4. Section 480.0253, Government Code, is amended to

read as follows:

Sec. 480.0253. PLEDGE OF SURCHARGES TO GUARANTEE

OBLIGATIONS. An endorsing municipality or endorsing county may

guarantee its obligations under an event support contract and this

chapter by pledging, in addition to the
local money
[
tax revenue
]

deposited under Section
480.0153
[
480.0152
], surcharges from user

fees charged in connection with the event, including parking or

ticket fees.

SECTION 5. Section 480.0152, Government Code, is repealed.

SECTION 6. This Act takes effect September 1, 2025.