Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB579 by Eckhardt (Relating to the eligibility of the Concacaf Gold Cup for funding under the Major Events Reimbursement Program.), As Introduced
The fiscal implications of the bill cannot be determined at this time due to the unavailability of data related to the proposed major event, including market area, venue size, and attendees.
The bill would amend the Government Code, Chapter 478, to add the Confederation of North, Central America and Caribbean Association Football (Concacaf) Gold Cup to the list of events eligible for funding under the Major Events Reimbursement Program. The fiscal impact cannot be determined without an application that includes data on the affected market area, venue size, or attendee spending behavior.
Local Government Impact
The fiscal implications of the bill cannot be determined at this time. According to Travis County, the bill would have a positive impact but an amount cannot be determined before a determination by the Major Events Reimbursement Program.
Source Agencies:
300 Trusteed Programs - Gov, 304 Comptroller of Public Accounts