Sec. 477.0053. DESIGNATION OF MARKET AREA. (a) For purposes of Section 477.0051(a)(1), the office shall designate as a market area for the games each area in which the office determines there is a reasonable likelihood of measurable economic impact directly attributable to the preparation for and presentation of the games and related events. The office shall include areas likely to provide venues, accommodations, and services in connection with the games based on the proposal the local organizing committee provides under Section 475.0052.
(b) The office shall determine the geographic boundaries of each market area.
(c) Each endorsing municipality or endorsing county selected as the site for the games must be included in a market area for the games.
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 477 - Olympic Games Trust Fund
Subchapter B. State Actions Relating to Games
Section 477.0051. Determination of Incremental Increase in Certain Tax Receipts
Section 477.0052. Time for Determination
Section 477.0053. Designation of Market Area
Section 477.0054. Estimate of Tax Revenue Credited to Trust Fund