Sec. 475.0058. REPAYMENT AGREEMENT REQUIRED. (a) Before executing a games support contract, the office must execute an agreement with the local organizing committee, endorsing municipality, or endorsing county requiring the committee, municipality, or county to repay this state any money spent by the office under this subtitle if a site selection organization selects a site for the games in this state in accordance with an application by the committee, municipality, or county.
(b) The local organizing committee, endorsing municipality, or endorsing county will make a repayment under Subsection (a) from any surplus of the committee's, municipality's, or county's money remaining after:
(1) presentation of the games; and
(2) payment of the expenses and obligations incurred by the committee, municipality, or county.
Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.
Structure Texas Statutes
Subtitle E-1 - Event Reimbursement Programs
Chapter 475 - General Provisions
Subchapter B. Actions of Office and State Agencies in Relation to Games
Section 475.0051. Applicability of Subchapter
Section 475.0052. Request for Office to Enter Into Games Support Contract
Section 475.0053. Time for Determination
Section 475.0054. Prerequisite for Execution of Games Support Contract
Section 475.0055. Joinder Undertaking Terms
Section 475.0056. Joinder Agreement Terms
Section 475.0057. Additional Terms of Games Support Contract
Section 475.0058. Repayment Agreement Required