Tex. Gov't Code Section 478.0204
Allowable Expenses

(a)

Money in the fund may be used to:

(1)

pay the principal of and interest on notes issued under Section 478.0252 (Issuance of Notes); and

(2)

fulfill obligations of an endorsing municipality, an endorsing county, or this state to a site selection organization under a games support contract or event support contract.

(b)

Subject to Sections 478.0202 (Disbursement from Fund) and 478.0205 (Limitation on Certain Disbursements), the obligations described by Subsection (a)(2) may include the payment of:

(1)

the costs relating to the preparations necessary or desirable for conducting the event; and

(2)

the costs of conducting the event, including the costs of an improvement or renovation to an existing facility and the costs of the acquisition or construction of a new facility or other facility.
Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.

Source: Section 478.0204 — Allowable Expenses, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­478.­htm#478.­0204 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 478.0204’s source at texas​.gov