Tex. Gov't Code Section 478.0153
Other Local Money

(a)

In lieu of the municipal and county tax revenues remitted or retained under Section 478.0152 (Deposit of Municipal and County Tax Revenue), an endorsing municipality or endorsing county may remit to the office for deposit to the fund other local money in an amount equal to the total amount of municipal and county tax revenue determined under Sections 478.0102 (Determination of Incremental Increase in Certain Tax Receipts)(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 eligible for funding under the program.

(c)

For purposes of Section 478.0155 (State Tax Revenue), the amount deposited under this section is considered remitted local revenue.

Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.

Source: Section 478.0153 — Other Local Money, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.478.htm#478.0153 (accessed May 4, 2024).

478.0001
Definitions 478.0002
Rules 478.0003
Construction of Chapter 478.0051
Events Eligible for Funding 478.0052
Single Event Classification for Eligibility Purposes 478.0053
Exemption from Certain Eligibility Requirement for Certain Large Venues 478.0101
Prerequisites for Office Action 478.0102
Determination of Incremental Increase in Certain Tax Receipts 478.0103
Time for Determination Request 478.0104
Time for Determination 478.0105
Designation of Market Area 478.0106
Estimate of Tax Revenue Credited to Fund 478.0107
Economic Impact Study 478.0108
Distribution and Publication of Plan to Prevent Trafficking of Persons in Connection with Event 478.0151
Major Events Reimbursement Program Fund 478.0152
Deposit of Municipal and County Tax Revenue 478.0153
Other Local Money 478.0154
Surcharges and User Fees 478.0155
State Tax Revenue 478.0201
Disbursement Without Appropriation 478.0202
Disbursement from Fund 478.0203
Reduction of Disbursement Amount 478.0204
Allowable Expenses 478.0205
Limitation on Certain Disbursements 478.0206
Prohibited Disbursement 478.0207
Remittance of Remaining Fund Money 478.0251
Required Information 478.0252
Issuance of Notes 478.0253
Pledge of Surcharges to Guarantee Obligations 478.00525
Single Year Classification for Eligibility Purposes for Certain Sporting Events

Accessed:
May 4, 2024

§ 478.0153’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._gov't_code_section_478.0153

Original Source: Section 478.0153 — Other Local Money, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.478.htm#478.0153 (last accessed May 4, 2024).