By:  Whitmire                                                     S.B. No. 1809


A BILL TO BE ENTITLED

AN ACT

relating to a promotion and development fund of a sports and 
community venue district located in a populous county.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Chapter 335, Local Government Code, is hereby 
amended by adding a new Section 335.0721, as follows:
	Sec. 335.0721.  PROMOTION AND DEVELOPMENT FUND.  (a)  A 
district located in whole or in part in a county with a population 
of 3.3 million or more may set aside out of revenues derived from 
any tax imposed pursuant to Section 335.071(e) a promotion and 
development fund of not more than ____ percent of such revenues in 
each calendar year.
	(b)  Money in the promotion and development fund may be spent 
by the district or as the district may direct to pay any expenses 
connected with:
		(1)  any event, activity or project that the board of 
the district reasonably determines will have a likelihood of 
generating revenues from any tax imposed by the district pursuant 
to Section 335.071(e) or any other method of financing of the 
district, and that the board of directors of the district 
determines by resolution:  (A)  will contribute to the economic, 
cultural, or recreational development or well-being of the 
residents of the district; (B)  furthers the general welfare of the 
district and its projects and facilities, or (C)  otherwise 
promotes or encourages sports and community activities or other 
purposes for which the district was formed; or
		(2)  any activity or matter incidental to the 
advertising or marketing of any venue project of the district or its 
operations.
	(c)  The promotion and development fund shall be under the 
exclusive control of the board of directors of the district, and the 
board shall have full responsibility for approving and safeguarding 
the expenditure of money from the fund.
	(d)  The promotion and development fund may not be used for 
any event, activity, project or other matter not related to the 
purposes for which the district was formed or the types of projects 
described in Section 335.001(6), except that the promotion and 
development fund may be used for an alternative project as that term 
is defined in Section 335.076(b).
	(e)  The promotion and development fund shall be audited at 
least annually and the results of such audit shall be reported to 
the board and the governing bodies of any municipality or county 
that created the district.
	SECTION 2.  The importance of this legislation and the 
crowded condition of the calendars of both houses create an 
emergency and an imperative public necessity that the 
constitutional rule requiring bills to be read on three several 
days in each house be suspended, and this rule is hereby suspended.