Sec. 479.0155. REMITTANCE OF REMAINING TRUST FUND MONEY. On payment of all municipal, county, or state obligations under a motor sports racing event support contract or event support contract related to the location of a motor sports racing event in this state, the office shall remit to each endorsing entity, in proportion to the amount contributed by the entity, any money remaining 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 479 - Motor Sports Racing Trust Fund
Subchapter D. Disbursements From Trust Fund
Section 479.0151. Disbursement Without Appropriation
Section 479.0152. Disbursement From Trust Fund
Section 479.0153. Allowable Expenses