Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1440 by Bell (Relating to the eligibility of Elite Rodeo Association World Championships for funding from the Major Events trust fund.), As Introduced
The fiscal implications of the bill cannot be determined at this time. The fiscal impact would depend on the number and size of events covered under the bill.
The bill would amend Vernon's Texas Civil Statutes, Article 5190.14, Section 5A, relating to the Major Events Trust Fund (METF) to add the Elite Rodeo Association World Championship as an eligible event and the Elite Rodeo Association as an eligible site selection organization.
Eligibility for participation in the METF is limited to those events listed in statute, provided that the site selection organization selecting a site is also listed in statute. Adding an eligible event and site selection organization could potentially expand the number of events eligible to receive funding through the METF.
The bill would take effect immediately upon receipt of a two-thirds majority vote of all members elected to each house. Otherwise, the bill would take effect on September 1, 2015.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.