LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 80TH LEGISLATIVE REGULAR SESSION

March 26, 2007

TO:	Honorable Kyle Janek, Chair, Senate Committee on S/C on Emerging Technologies & Economic Dev.
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	SB1424 by Brimer (Relating to the municipalities authorized to use the other events trust fund to attract certain sporting events.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend Article 5190.14, Vernon's Texas Civil Statutes by removing the requirement that an endorsing municipality has a population of 850,000 or more for an event covered by the U.S Olympic Committee, the Pan American Games, or by events covered under the Other Events Trust Fund or the Motor Sports and Racing Trust Fund. The bill would also remove the requirement that an endorsing municipality for events under the Other Events Trust Fund have a population of one million or more.
 
The Comptroller of Public Accounts reports that the bill would remove certain minimum population requirements for municipalities with respect to events subject to Olympic Games, Pan American Games, Other Events, and Racing and Motor Sports Trust Fund legislation.

While calculation of the maximum required state contribution to these trust funds would be affected by contributions by sponsoring municipalities, it is not possible to estimate which municipalities would choose to participate and for which events, so the impact on the required contribution by the state to these trust funds cannot be estimated.

The bill would take effect immediately upon enactment if it receives two-thirds vote in each house; otherwise, it would take effect September 1, 2007.

Local Government Impact

It is not known which municipalities that meet the population requirement would be selected by an appropriate site selection organization or would host an allowed event; therefore, the local fiscal effects of this bill cannot be estimated. 

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

JOB, JRO, SD, EB