Tex. Gov't Code Section 480.0204
Allowable Expenses


(a)

Money in the events trust fund may be used to:

(1)

pay the principal of and interest on notes issued under Section 480.0252 (Issuance of Notes); and

(2)

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

(b)

Subject to Sections 480.0202 (Disbursement from Fund) and 480.0205 (Limitation on Certain Disbursements), the obligations described by Subsection (a)(2) may include the payment of:

(1)

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

(2)

the costs of conducting the event, including costs of an improvement or renovation to an existing facility and costs of 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 480.0204 — Allowable Expenses, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­480.­htm#480.­0204 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 480.0204’s source at texas​.gov