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A BILL TO BE ENTITLED
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AN ACT
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relating to abolishing the Pan American Games trust fund, Olympic |
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Games trust fund, Major Events trust fund, Motor Sports Racing |
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trust fund, and Events trust fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 1507 (S.B. 456), Acts of the 76th |
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Legislature, Regular Session, 1999 (Article 5190.14, Vernon's |
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Texas Civil Statutes), is repealed. |
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SECTION 2. (a) On the effective date of this Act, each fund |
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established under Chapter 1507 (S.B. 456), Acts of the 76th |
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Legislature, Regular Session, 1999 (Article 5190.14, Vernon's |
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Texas Civil Statutes), is abolished. |
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(b) The applicable provisions of Chapter 1507 (S.B. 456), |
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Acts of the 76th Legislature, Regular Session, 1999 (Article |
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5190.14, Vernon's Texas Civil Statutes), as that chapter existed |
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immediately before the effective date of this Act, including any |
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trust funds established under that chapter, remain in effect as |
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those provisions apply in relation to the particular games or |
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events described by this subsection until all money from the trust |
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funds for the particular games or events has been disbursed and all |
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obligations under those games support contracts or event support |
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contracts have been satisfied. This subsection applies only if, |
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before the effective date of this Act: |
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(1) pursuant to an application by a local organizing |
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committee, endorsing municipality, or endorsing county, a site |
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selection organization selects a site in this state for a |
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particular event to which Chapter 1507 applies; and |
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(2) one or more games support contracts or event |
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support contracts for the particular games or event have been |
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entered into. |
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SECTION 3. The repeal by this article of Chapter 1507 (S.B. |
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456), Acts of the 76th Legislature, Regular Session, 1999 (Article |
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5190.14, Vernon's Texas Civil Statutes), does not apply to an |
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offense committed under Chapter 1507 before September 1, 2015. An |
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offense committed before September 1, 2015, is governed by that |
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chapter as it existed on the date the offense was committed, and the |
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former law is continued in effect for that purpose. For purposes of |
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this section, an offense was committed before September 1, 2015, if |
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any element of the offense occurred before that date. |
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SECTION 4. This Act takes effect September 1, 2015. |