Tex. Gov't Code Section 480.0153
Other Local Money

(a)

In lieu of the municipal and county tax revenues remitted or retained under Section 480.0152 (Deposit of Municipal and County Tax Revenue), an endorsing municipality or endorsing county 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 (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.

(c)

For purposes of Section 480.0155 (State Tax Revenue), the amount deposited under this section is considered remitted municipal and county tax revenue.

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

Source: Section 480.0153 — Other Local Money, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.480.htm#480.0153 (accessed May 26, 2025).

480.0001
Definitions 480.0002
Rules 480.0003
Construction of Chapter 480.0051
Events Eligible for Funding 480.0052
Limitations on Certain Funding Requests 480.0101
Prerequisites for Office Action 480.0102
Determination of Incremental Increase in Certain Tax Receipts 480.0103
Time for Determination 480.0104
Designation of Market Area 480.0105
Estimate of Tax Revenue Credited to Fund 480.0106
Model Event Support Contract 480.0151
Events Trust Fund 480.0152
Deposit of Municipal and County Tax Revenue 480.0153
Other Local Money 480.0154
Surcharges and User Fees 480.0155
State Tax Revenue 480.0201
Disbursement Without Appropriation 480.0202
Disbursement from Fund 480.0203
Reduction of Disbursement Amount 480.0204
Allowable Expenses 480.0205
Limitation on Certain Disbursements 480.0206
Prohibited Disbursements 480.0207
Remittance of Remaining Fund Money 480.0251
Required Information 480.0252
Issuance of Notes 480.0253
Pledge of Surcharges to Guarantee Obligations 480.00515
Single Year Classification for Eligibility Purposes for Certain Sporting Events

Verified:
May 26, 2025

§ 480.0153. Other Local Money's source at texas.gov

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Location: https://texas.public.law/statutes/tex._gov't_code_section_480.0153

Original Source: Section 480.0153 — Other Local Money, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.480.htm#480.0153 (last accessed May 10, 2025).