H.B. 1675 78(R)    BILL ANALYSIS


H.B. 1675
By: Menendez
Economic Development
Committee Report (Unamended)



BACKGROUND AND PURPOSE 

The Texas Legislature created the Pan American Games Trust Fund in 1999 to
satisfy requirements of the United States Olympic Committee and the Pan
American Sports Organization relating to financial requirements to host
the 2007 Pan American Games. The City of San Antonio was designated as the
U.S. Bid City for the 2007 Games, but lost in the selection process to Rio
de Janeiro, Brazil.  Had San Antonio been selected as the 2011 Pan
American Games Host City, the  Comptroller would have been directed to
estimate the amount of state and local tax revenues that are generated by
the Games and place that amount in the Trust Fund to secure financial
performance by the Host City and the State of Texas.  HB 1675 would extend
current law to permit a Texas city to be an applicant to host the 2011 Pan
American Games by re-creating the Pan American Games Trust Fund for that
event.  

RULEMAKING AUTHORITY

It is the committee's opinion that this bill does not expressly grant any
additional rulemaking authority to a state officer, department, agency, or
institution. 

ANALYSIS

HB 1675 amends Article 5190.4 Vernon's Texas Civil Statutes to extend the
time periods relating to the Pan-American Games by four years. 

EFFECTIVE DATE

Upon passage, or, if the act does not receive the necessary vote, the Act
takes effect September1, 2003.