Sec. 335.0715. USE OF FINANCING FOR CERTAIN PROJECTS. Notwithstanding any other provision of this chapter, a district, a municipality or county that created the district, or an entity created by or acting on behalf of or in conjunction with the district, municipality, or county, that contracts with a professional sports team or the team's owner or representative on or before November 1, 1998, for the team to relocate and play at an arena, coliseum, or stadium in the district may not use any method of financing authorized by this chapter to finance the acquisition or construction of the arena, coliseum, or stadium if the team is playing under an existing contract and is located in another arena, coliseum, or stadium owned by a different municipality or county in this state unless the governing body of that different municipality or county consents to the contract.
Added by Acts 1997, 75th Leg., ch. 551, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 10 - Parks and Other Recreational and Cultural Resources
Chapter 335 - Sports and Community Venue Districts
Subchapter E. Powers and Duties
Section 335.071. General Powers of District
Section 335.0711. Limit on Power to Own or Acquire Real Property in Certain Districts
Section 335.0715. Use of Financing for Certain Projects
Section 335.072. Venue Project Fund
Section 335.0725. Books, Records, and Papers
Section 335.073. Bonds and Other Obligations
Section 335.074. Public Purpose of Venue Project
Section 335.075. Contribution or Dedication of Certain Revenue by Political Subdivision
Section 335.076. Contracts With Historically Underutilized Businesses
Section 335.077. Exemption From Construction Contracting Law
Section 335.078. Venue District as Endorsing Municipality or County