AUTHOR'S / SPONSOR'S STATEMENT OF INTENT
This bill clarifies that the National Association for Stock Car Auto Racing, ESPN or an affiliate, or the Ultimate Fighting Championship are eligible site selection committees for purposes of funding under the Major Events trust fund as intended by S.B. 1678, 83rd Legislature, Regular Session, 2013.
C.S.S.B. 293 amends current law relating to a clarification of the law governing eligibility of certain events for funding under the Major Events trust fund.
RULEMAKING AUTHORITY
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 5A(a)(5), Chapter 1507 (S.B. 456), Acts of the 76th Legislature, Regular Session, 1999 (Article 5190.14, V.T.C.S.), as follows:
(5) Provides that "site selection organization" means:
(A) the National Football League, the National Collegiate Athletic Association, the National Basketball Association, ESPN or an affiliate, the National Hockey League, Major League Baseball, the Federation Internationale de Football Association (FIFA), the International World Games Association, the National Association for Stock Car Auto Racing (NASCAR), or the United States Olympic Committee;
(B)-(C) Makes no change to these paragraphs;
(D)-(E) Makes nonsubstantive changes to these paragraphs;
(F) the Ultimate Fighting Championship.
SECTION 2. Provides that the amendment made by this Act to Section 5A(a)(5), Chapter 1507 (S.B. 456), Acts of the 76th Legislature, Regular Session, 1999 (Article 5190.14, V.T.C.S.), is intended only to clarify existing law on the eligibility of certain events to receive funding from the Major Events trust fund. Provides that each event held on or after the effective date of that Act and the event's eligibility to receive funding from the Major Events trust fund are governed by the law as clarified by this Act.
SECTION 3. Effective date: upon passage or September 1, 2015.