Sec. 477.0152. DISBURSEMENT FROM TRUST FUND. (a) The office may make a disbursement from the trust fund only if the office certifies that the disbursement is for a purpose for which this state and each endorsing municipality and endorsing county are jointly obligated under a games support contract or another agreement providing assurances from the office or an endorsing municipality or endorsing county to a site selection organization.
(b) On a certification described by Subsection (a), the office shall satisfy the obligation proportionately from the state and municipal or county revenue in the trust fund.
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 D. Disbursements From Trust Fund
Section 477.0151. Disbursement Without Appropriation
Section 477.0152. Disbursement From Trust Fund
Section 477.0153. Allowable Expenses
Section 477.0154. Prohibited Disbursement
Section 477.0155. Transfer and Remittance of Remaining Trust Fund Money