LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
 
April 14, 2025

TO:
Honorable Will Metcalf, Chair, House Committee on Culture, Recreation & Tourism
 
FROM:
Jerry McGinty, Director, Legislative Budget Board
 
IN RE:
HB3349 by Tepper (Relating to the events trust fund and to abolishing the Pan American Games trust fund, Olympic Games trust fund, and motor sports racing trust fund.), As Introduced


Estimated Two-year Net Impact to General Revenue Related Funds for HB3349, As Introduced: a negative impact of ($30,708,000) through the biennium ending August 31, 2027.

The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.

General Revenue-Related Funds, Five- Year Impact:

Fiscal Year Probable Net Positive/(Negative) Impact to
General Revenue Related Funds
2026($15,075,000)
2027($15,633,000)
2028($16,352,000)
2029($17,104,000)
2030($17,857,000)

All Funds, Five-Year Impact:

Fiscal Year Probable Savings/(Cost) from
General Revenue Fund
1		 Probable Savings/(Cost) from
Events Trust Fund for Certain Municipalities and Counties 0830
2026($15,075,000)$15,075,000
2027($15,633,000)$15,633,000
2028($16,352,000)$16,352,000
2029($17,104,000)$17,104,000
2030($17,857,000)$17,857,000


Fiscal Analysis

The bill would amend the Government Code to add an exception relating to the Events Trust Fund and the size of an endorsing county or municipality. The bill would also amend the multiplier used to calculate the state contribution to the Events Trust Fund. For an event held in a county or municipality with a population 500,000 or less, the state share would increase from 6.25 to 12.25 multiplied by the amount of municipal and county tax revenue retained or remitted to the Events Trust Fund. For an event held in a county or municipality with a population of more than 500,000, the state share would remain 6.25.

The bill would repeal sections of the Government Code relating to certain other trust funds and abolish the associated trust fund accounts: Chapter 476 relating to the Pan American Games Trust Fund account 0871, Chapter 477 relating to the Olympic Games Trust Fund account 0870, and Chapter 479 relating to the Major Sports Racing Trust Fund account 0839.

Methodology

According to the Comptroller of Public Accounts, the amounts deposited to the Events Trust Fund in fiscal year 2024 were multiplied by the ratio of applications for funding under Government Code Chapter 480 made by counties or municipalities with a population under 500,000, adjusted for the increase in the state contribution rate to the fund as described in the bill, and grown forward based on the projected growth in the general sales and use tax found in the 2026-27 Biennial Revenue Estimate. 

Technology

No technology impact is anticipated.

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
LBB Staff:
JMc, TUf, LCO, KCu, NV