Sec. 480.0202. DISBURSEMENT FROM FUND. (a) After approval of each contributing endorsing municipality and endorsing county, the office may make a disbursement from the events trust fund for a purpose for which a local organizing committee, an endorsing municipality, an endorsing county, or this state is obligated under an event support contract, including an obligation to pay costs incurred in making preparations necessary for the event and conducting the event.
(b) In considering whether to make a disbursement from the events trust fund, the office may not consider a contingency clause in an event support contract as relieving a local organizing committee's, endorsing municipality's, or endorsing county's obligation to pay a cost under the contract.
(c) If the office makes a disbursement from the events trust fund, the office shall satisfy the obligation proportionately from the local and state revenue in the 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 480 - Events Trust Fund
Subchapter E. Disbursements From Fund
Section 480.0201. Disbursement Without Appropriation
Section 480.0202. Disbursement From Fund
Section 480.0203. Reduction of Disbursement Amount
Section 480.0204. Allowable Expenses
Section 480.0205. Limitation on Certain Disbursements