Honorable Trent Ashby, Chair, House Committee on Culture, Recreation & Tourism
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3946 by Clardy (Relating to eligibility requirements for certain events under the major events reimbursement program and the events trust fund.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to clarify, for the purposes of the Major Events Reimbursement Program and Events Trust Fund, that a sporting event is considered to be held one time in each year if the event is held only one time in any annual season for that sport.
According to the Office of the Governor, no significant fiscal implications are anticipated from the provisions of the bill.
According to the Comptroller's Office, the fiscal impact of the bill on Appropriated Fund 0869 - Major Events Reimbursement Program Fund and Appropriated Fund 0830 - Events Trust Fund for Certain Municipalities and Counties cannot be estimated.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
300 Trusteed Programs Within the Office of the Governor, 304 Comptroller of Public Accounts