Amend SB 370, on third reading, in Section 1.____ of the
bill, proposed Section 502.2703, Transportation Code, by striking
proposed Subsection (e) and substituting the following:
      (e)  Funds distributed to a public entity under Subsection
(d)(1) shall be deposited to the credit of the venue project fund,
if the public entity has created a venue project fund under Section
334.042 or 335.072, Local Government Code. If the public entity has
not created a venue project fund, funds distributed to a public
entity under Subsection (d)(1) must first be used to retire any
public debt incurred by the public entity in the construction or
acquisition of the facility in which the professional sports team
plays its home games. After that debt is retired, funds distributed
to the public entity may be spent only for maintenance or
improvement of the facility.