Sec. 475.0154. PLEDGE OF SURCHARGES TO GUARANTEE OBLIGATIONS. A local government corporation acting as an endorsing municipality or endorsing county under this subtitle may guarantee the corporation's obligations under a games support contract or event support contract by pledging surcharges from user fees, including parking or ticket fees, charged in connection with the games or event and related activities.
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
Section 475.0151. Applicability
Section 475.0152. Authority to Act as Endorsing Municipality or County
Section 475.0153. Deposit of Municipal or County Tax Revenue to Trust Fund
Section 475.0154. Pledge of Surcharges to Guarantee Obligations