Sec. 477.0054. ESTIMATE OF TAX REVENUE CREDITED TO TRUST FUND. (a) Before August 31 of the year that is 12 years before the year the games would be held in this state, or as soon as practicable after that date, the office shall provide an estimate of the total amount of municipal, county, and state tax revenue that would be transferred or deposited to the trust fund if the games were held in this state at a site selected in accordance with an application by a local organizing committee.
(b) The office shall provide the estimate on request to a local organizing committee.
(c) A local organizing committee may submit the office's estimate to a site selection organization.
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