Honorable Trent Ashby, Chair, House Committee on Culture, Recreation & Tourism
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB1950 by King, Ken (relating to the major events reimbursement program, including event funding eligibility, site selection organizations, and single event and single year classifications.), Committee Report 1st House, Substituted
The fiscal implications of the bill cannot be determined at this time. The fiscal impact would depend on the number and size of events covered under the bill.
This bill would amend the Government Code relating to events that are eligible for funding under the Major Events Reimbursement Program. The bill would also amend statute relating to the list of site selection organizations. The bill would also amend the single event classification for eligibility purposes to state that each series of games for the World Cup soccer tournament held in a market area designated for that series is considered a separate, single event. The bill would modify language to indicate that a sporting event listed in Section 478.0001(3) is considered to be held one time in each year if the event is held only one time in any annual season for that sport.
According to the Office of the Governor, the fiscal impact of the bill to the state cannot be determined without information from the event organizers' application. This includes the market area, venue size, and attendee spending behavior. It is assumed that the Office of the Governor could absorb administrative costs associated with the bill within current resources.
According to the Comptroller's Office, the revenue impact of the bill on Fund 0869 - Major Events Reimbursement Program Fund and Fund 0830 - Events Trust Fund for Certain Municipalities an Counties, cannot be estimated.
Local Government Impact
The fiscal implications of the bill cannot be determined at this time.
Source Agencies:
300 Trusteed Programs Within the Office of the Governor, 304 Comptroller of Public Accounts