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A BILL TO BE ENTITLED
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AN ACT
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relating to the Major Events Reimbursement Program and the Events |
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Trust Fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 478.0107, Government Code, is amended by |
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to read as follows: |
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(a) Not later than the 10th month after the last day of an |
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event eligible for disbursements from the fund, using existing |
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resources, the [office] local organizing committee, endorsing |
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municipality, or endorsing county shall complete a study in the |
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market area of the event on the measurable economic impact directly |
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attributable to the preparation for and presentation of the event. |
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(b) The [office] local organizing committee, endorsing |
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municipality, or endorsing county shall post on the [office's] its |
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Internet website: |
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(1) the results of the study conducted under |
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Subsection (a), including any source documentation or other |
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information on which the [office] local organizing committee, |
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endorsing municipality, or endorsing county relied for the study; |
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(2) the incremental increase in tax receipts for the |
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event determined under Section 478.0102 and any source |
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documentation or information described by Section 478.0251 on which |
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the office relied to determine that increase; |
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(3) the documentation described by Section |
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478.0101(3); and |
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(4) documentation verifying that: |
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(A) a request submitted under Section 478.0101 is |
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complete and certified as complete by the office; |
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(B) the office considered the information |
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submitted by a local organizing committee, endorsing municipality, |
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or endorsing county to determine the incremental increase in tax |
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receipts under Section 478.0102 as required by Section 478.0102(b); |
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and |
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(C) each deadline established under this chapter |
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was met. |
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SECTION 2. The following provision is repealed: |
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(1) Section 480.152, Government Code. |
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SECTION 3. This Act takes effect September 1, 2025. |