Bill Text: TX SB633 | 2015-2016 | 84th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to certain event trust funds and the abolishment of the special event trust fund.

Spectrum: Slight Partisan Bill (Republican 5-2)

Status: (Passed) 2015-06-18 - Effective on 9/1/15 [SB633 Detail]

Download: Texas-2015-SB633-Introduced.html
 
 
  By: Fraser S.B. No. 633
 
 
 
   
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to a pan american games trust fund, an olympic games trust
  fund, a major events trust fund, a motor sports racing trust fund,
  an events trust fund for sporting and non-sporting events, and a
  special event trust fund.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 4, Chapter 1507 (S.B. 456), Acts of the
  76th Legislature, Regular Session, 1999 (Article 5190.14, Vernon's
  Texas Civil Statutes), is amended by amending Subsections (b), (c),
  (d), (f), (h), (j), and (k) to read as follows:
         (b)  If a site selection organization selects a site for the
  games in this state pursuant to an application by a local organizing
  committee acting on behalf of an endorsing municipality, after the
  first occurrence of a measurable economic impact in this state as a
  result of the preparation for the games, as determined by the
  department[comptroller], but in no event later than one year before
  the scheduled opening event of the games, the
  department[comptroller] shall determine for each subsequent
  calendar quarter, in accordance with procedures developed by the
  department[comptroller]:
               (1)  the incremental increase in the receipts to the
  state from the taxes imposed under Chapters 151, 152, 156, and 183,
  Tax Code, and under Title 5, Alcoholic Beverage Code, within the
  market areas designated under Subsection (c) of this section, that
  is directly attributable, as determined by the
  department[comptroller], to the preparation for and presentation
  of the games and related events;
               (2)  the incremental increase in the receipts collected
  by the state on behalf of the endorsing municipality from the sales
  and use tax imposed by the endorsing municipality under Section
  321.101(a), Tax Code, that is directly attributable, as determined
  by the department[comptroller], to the preparation for and
  presentation of the games and related events; and
               (3)  the incremental increase in the receipts collected
  by the endorsing municipality from the municipality's hotel
  occupancy tax imposed under Chapter 351, Tax Code, that is directly
  attributable, as determined by the department[comptroller], to the
  preparation for and presentation of the games and related events.
         (c)  For the purposes of Subsection (b)(1) of this section,
  the department[comptroller] shall designate as a market area for
  the games each area in which the department[comptroller] determines
  there is a reasonable likelihood of measurable economic impact
  directly attributable to the preparation for and presentation of
  the games and related events, including areas likely to provide
  venues, accommodations, and services in connection with the games
  based on the proposal provided by the local organizing committee
  under Section 7 of this Act. The department[comptroller] shall
  determine the geographic boundaries of each market area. The
  endorsing municipality that has been selected as the site for the
  games must be included in a market area for the games.
         (d)  The comptroller, at the direction of the department,
  shall retain, for the purpose of guaranteeing the joint obligations
  of the state and the endorsing municipality under a games support
  contract and this Act, the amount of municipal sales and use tax
  revenue determined under Subsection (b)(2) of this section from the
  amounts otherwise required to be sent to the municipality under
  Section 321.502, Tax Code, beginning with the first distribution of
  that tax revenue that occurs after the date the
  department[comptroller] makes the determination of the amount of
  municipal sales and use tax revenue under Subsection (b)(2). The
  comptroller shall discontinue retaining municipal sales and use tax
  revenue under this subsection on the earlier of:
               (1)  the end of the third calendar month following the
  month in which the closing event of the games occurs; or
               (2)  the date the amount of municipal sales and use tax
  revenue and municipal hotel occupancy tax revenue in the Pan
  American Games trust fund equals 14 percent of the maximum amount of
  state and municipal tax revenue that may be deposited in the trust
  fund under Subsection (m) of this section.
         (f)  Subject to Subsection (m) of this section, the
  department[comptroller] shall deposit into a trust fund designated
  as the Pan American Games trust fund the amount of municipal sales
  and use tax revenue retained under Subsection (d) of this section
  and, at the same time, a portion of the state tax revenue determined
  under Subsection (b)(1) of this section in an amount equal to 6.25
  times the amount of that municipal sales and use tax revenue.
  Subject to Subsection (m) of this section, the endorsing
  municipality shall deposit into the trust fund the amount of the
  endorsing municipality's hotel occupancy tax revenue determined
  under Subsection (b)(3) of this section. The endorsing municipality
  shall deposit that hotel occupancy tax revenue into the trust fund
  at least quarterly. When the endorsing municipality makes a deposit
  of its hotel occupancy tax revenue, the comptroller, at the
  direction of the department, shall deposit at the same time a
  portion of the state tax revenue determined under Subsection (b)(1)
  of this section in an amount equal to 6.25 times the amount of that
  municipal hotel occupancy tax revenue. The Pan American Games trust
  fund is established outside the treasury but is held in trust by the
  department[comptroller] for the administration of this Act. Money
  in the trust fund may be spent by the department without
  appropriation only as provided by this Act. The comptroller shall
  discontinue depositing into the trust fund any state tax revenue
  determined under Subsection (b)(1) of this section on the earlier
  of:
               (1)  the end of the third calendar month following the
  month in which the closing event of the games occurs; or
               (2)  the date on which the amount of state revenue in
  the Pan American Games trust fund equals 86 percent of the maximum
  amount of state and municipal tax revenue that may be deposited in
  the trust fund under Subsection (m) of this section.
         (h)  A local organizing committee shall provide information
  required by the department[comptroller] to enable the
  department[comptroller]to fulfill the department's[comptroller's]
  duties under this Act, including annual audited statements of the
  local organizing committee's financial records required by a site
  selection organization and data obtained by the local organizing
  committee relating to attendance at the games and to the economic
  impact of the games. A local organizing committee must provide an
  annual audited financial statement required by the
  department[comptroller] not later than the end of the fourth month
  after the date the period covered by the financial statement ends.
         (j)  The department may not make a disbursement from the Pan
  American Games trust fund unless the department[comptroller]
  certifies that the disbursement is for a purpose for which the state
  and the endorsing municipality are jointly obligated under a games
  support contract or other agreement described by Subsection (g) of
  this section.
         (k)  If the department[comptroller] certifies under
  Subsection (j) of this section that a disbursement may be made from
  the Pan American Games trust fund, the obligation shall be
  satisfied first out of municipal revenue deposited in the trust
  fund and any interest earned on that municipal revenue. If the
  municipal revenue is not sufficient to satisfy the entire deficit,
  state revenue deposited into the trust fund and any interest earned
  on that state revenue shall be used to satisfy the portion of the
  deficit not covered by the municipal revenue.
         SECTION 2.  Subsection (i), Section 4, Chapter 1507 (S.B.
  456), Acts of the 76th Legislature, Regular Session, 1999 (Article
  5190.14, Vernon's Texas Civil Statutes), as amended by Chapters 579
  (H.B. 1675) and 814 (S.B. 275), Acts of the 78th Legislature,
  Regular Session, 2003, is reenacted and amended to read as follows:
         (i)  The department[comptroller] shall provide an estimate
  not later than September 1 of the year that is eight years before
  the year in which the games would be held in this state of the total
  amount of state and municipal tax revenue that would be deposited in
  the Pan American Games trust fund before January 1 of the year
  following the year in which the games would be held, if the games
  were to be held in this state at a site selected pursuant to an
  application by a local organizing committee. The
  department[comptroller] shall provide the estimate on request to a
  local organizing committee. A local organizing committee may submit
  the department's[comptroller's] estimate to a site selection
  organization.
         SECTION 3.  Subsection (l), Section 4, Chapter 1507 (S.B.
  456), Acts of the 76th Legislature, Regular Session, 1999 (Article
  5190.14, Vernon's Texas Civil Statutes), as amended by Chapters 579
  (H.B. 1675) and 814 (S.B. 275), Acts of the 78th Legislature,
  Regular Session, 2003, is reenacted and amended to read as follows:
         (l)  On January 1 of the second year following the year in
  which the games are held in this state, the department[comptroller]
  shall transfer to the general revenue fund any money remaining in
  the Pan American Games trust fund, not to exceed the amount of state
  revenue remaining in the trust fund, plus any interest earned on
  that state revenue. The department[comptroller] shall remit to the
  endorsing municipality any money remaining in the trust fund after
  the required amount is transferred to the general revenue fund.
         SECTION 4.  Section 5, Chapter 1507 (S.B. 456), Acts of the
  76th Legislature, Regular Session, 1999 (Article 5190.14, Vernon's
  Texas Civil Statutes), is amended by amending Subsections (b), (c),
  (d), (f), (h), (i), (j), (k), and (l) to read as follows:
         (b)  If a site selection organization selects a site for the
  games in this state pursuant to an application by a local organizing
  committee, after the first occurrence of a measurable economic
  impact in this state as a result of the preparation for the games,
  as determined by the department[comptroller], but in no event later
  than one year before the scheduled opening event of the games, the
  department[comptroller] shall determine for each subsequent
  calendar quarter, in accordance with procedures developed by the
  department[comptroller]:
               (1)  the incremental increase in the receipts to the
  state from the taxes imposed under Chapters 151, 152, 156, and 183,
  Tax Code, and under Title 5, Alcoholic Beverage Code, within the
  market areas designated under Subsection (c) of this section, that
  is directly attributable, as determined by the
  department[comptroller], to the preparation for and presentation
  of the games and related events;
               (2)  the incremental increase in the receipts collected
  by the state on behalf of each endorsing municipality from the sales
  and use tax imposed by the endorsing municipality under Section
  321.101(a), Tax Code, and the mixed beverage tax revenue to be
  received by the endorsing municipality under Section 183.051(b),
  Tax Code, that is directly attributable, as determined by the
  department[comptroller], to the preparation for and presentation
  of the games and related events;
               (3)  the incremental increase in the receipts collected
  by the state on behalf of each endorsing county from the sales and
  use tax imposed by the county under Section 323.101(a), Tax Code,
  and the mixed beverage tax revenue to be received by the endorsing
  county under Section 183.051(b), Tax Code, that is directly
  attributable, as determined by the department[comptroller], to the
  preparation for and presentation of the games and related events;
               (4)  the incremental increase in the receipts collected
  by each endorsing municipality from the hotel occupancy tax imposed
  under Chapter 351, Tax Code, that is directly attributable, as
  determined by the department[comptroller], to the preparation for
  and presentation of the games and related events; and
               (5)  the incremental increase in the receipts collected
  by each endorsing county from the hotel occupancy tax imposed under
  Chapter 352, Tax Code, that is directly attributable, as determined
  by the department[comptroller], to the preparation for and
  presentation of the games and related events.
         (c)  For the purposes of Subsection (b)(1) of this section,
  the department[comptroller] shall designate as a market area for
  the games each area in which the department[comptroller] determines
  there is a reasonable likelihood of measurable economic impact
  directly attributable to the preparation for and presentation of
  the games and related events, including areas likely to provide
  venues, accommodations, and services in connection with the games
  based on the proposal provided by the local organizing committee
  under Section 7 of this Act. The department[comptroller] shall
  determine the geographic boundaries of each market area. Each
  endorsing municipality or endorsing county that has been selected
  as the site for the games must be included in a market area for the
  games.
         (d)  Subject to Section 6 of this Act, the comptroller, at
  the direction of the department, shall retain, for the purpose of
  guaranteeing the joint obligations of the state and an endorsing
  municipality or endorsing county under a games support contract and
  this Act, the amount of sales and use tax revenue and mixed beverage
  tax revenue determined under Subsection (b)(2) or (b)(3) of this
  section from the amounts otherwise required to be sent to the
  municipality under Section 183.051(b) or 321.502, Tax Code, or to
  the county under Section 183.051(b) or 323.502, Tax Code, beginning
  with the first distribution of that tax revenue that occurs after
  the date the department[comptroller] makes the determination of the
  amount of sales and use tax revenue and mixed beverage tax revenue
  under Subsection (b)(2) or (b)(3) of this section. The comptroller
  shall discontinue retaining sales and use tax revenue and mixed
  beverage tax revenue under this subsection on the earlier of:
               (1)  the end of the third calendar month following the
  month in which the closing event of the games occurs; or
               (2)  the date the amount of local sales and use tax
  revenue and mixed beverage tax revenue in the Olympic Games trust
  fund equals 14 percent of the maximum amount of state and local tax
  revenue that may be deposited in the trust fund under Subsection (m)
  of this section.
         (f)  Subject to Subsection (m) of this section, each
  endorsing municipality or endorsing county shall remit to the
  department[comptroller] and the department[comptroller] shall
  deposit into a trust fund designated as the Olympic Games trust
  fund, on a quarterly basis, the amount of the municipality's or
  county's hotel occupancy tax revenue determined under Subsection
  (b)(4) or (b)(5) of this section, as applicable. Subject to Section
  6 of this Act and Subsection (m) of this section, the comptroller,
  at the direction of the department, shall deposit into the trust
  fund the amount of sales and use tax revenue and mixed beverage tax
  revenue retained under Subsection (d) of this section for the same
  calendar quarter and, at the same time, the state tax revenue
  determined under Subsection (b)(1) of this section for the quarter.
  The Olympic Games trust fund is established outside the treasury
  but is held in trust by the department[comptroller] for the
  administration of this Act. Money in the trust fund may be spent by
  the department without appropriation only as provided by this Act.
  The comptroller shall discontinue deposit of the amount of state
  tax revenue determined under Subsection (b)(1) of this section on
  the earlier of:
               (1)  the end of the third calendar month following the
  month in which the closing event of the games occurs; or
               (2)  the date the amount of state revenue in the Olympic
  Games trust fund equals 86 percent of the maximum amount of state,
  municipal, and county tax revenue that may be deposited in the trust
  fund under Subsection (m) of this section.
         (h)  A local organizing committee shall provide information
  required by the department[comptroller] to enable the
  department[comptroller] to fulfill the department's[comptroller's]
  duties under this Act, including annual audited statements of the
  local organizing committee's financial records required by a site
  selection organization and data obtained by the local organizing
  committee relating to attendance at the games and to the economic
  impact of the games. A local organizing committee must provide an
  annual audited financial statement required by the
  department[comptroller] not later than the end of the fourth month
  after the date the period covered by the financial statement ends.
         (i)  The department[comptroller] shall provide an estimate
  before August 31 of the year that is 12 years before the year in
  which the games would be held in this state, or as soon as practical
  after that date, of the total amount of state, municipal, and county
  tax revenue that would be deposited in the Olympic Games trust fund
  if the games were to be held in this state at a site selected
  pursuant to an application by a local organizing committee. The
  department[comptroller] shall provide the estimate on request to a
  local organizing committee. A local organizing committee may submit
  the department's[comptroller's] estimate to a site selection
  organization.
         (j)  The department may not make a disbursement from the
  Olympic Games trust fund unless the department[comptroller]
  certifies that the disbursement is for a purpose for which the state
  and each endorsing municipality or endorsing county are jointly
  obligated under a games support contract or other agreement
  described by Subsection (g) of this section. A disbursement may not
  be made from the trust fund that the department determines would be
  used for the purpose of soliciting the relocation of a professional
  sports franchise located in this state.
         (k)  If the department[comptroller] certifies under
  Subsection (j) of this section that a disbursement may be made from
  the Olympic Games trust fund, the obligation shall be satisfied
  proportionately from the state and municipal or county revenue in
  the trust fund.
         (l)  Two years after the closing event of the games, the
  department[comptroller] shall transfer to the general revenue fund
  any money remaining in the Olympic Games trust fund, not to exceed
  the amount of state revenue remaining in the trust fund, plus any
  interest earned on that state revenue. The department[comptroller]
  shall remit to each endorsing entity in proportion to the amount
  contributed by the entity any money remaining in the trust fund
  after the required amount is transferred to the general revenue
  fund.
         SECTION 5.  Subdivisions (1) and (2), Subsection (a),
  Section 5A, Chapter 1507 (S.B. 456), Acts of the 76th Legislature,
  Regular Session, 1999 (Article 5190.14, Vernon's Texas Civil
  Statutes), are amended to read as follows:
               (1)  "Endorsing county" means:
                     (A)  a county that contains a site selected by a
  site selection organization for one or more events; or
                     (B)  a county that:
                           (i)  does not contain a site selected by a
  site selection organization for an event;
                           (ii)  is included in the market area for the
  event as designated by the department[comptroller]; and
                           (iii)  is a party to an event support
  contract.
               (2)  "Endorsing municipality" means:
                     (A)  a municipality that contains a site selected
  by a site selection organization for one or more events; or
                     (B)  a municipality that:
                           (i)  does not contain a site selected by a
  site selection organization for an event;
                           (ii)  is included in the market area for the
  event as designated by the department[comptroller]; and
                           (iii)  is a party to an event support
  contract.
         SECTION 6.  Section 5A, Chapter 1507 (S.B. 456), Acts of the
  76th Legislature, Regular Session, 1999 (Article 5190.14, Vernon's
  Texas Civil Statutes), is amended by amending Subsections (a-1),
  (a-2), (b), (b-1), (c), (d), (d-1), (e), (f), (i), (j), (k), (m),
  (p), (v), (w), and (y) to read as follows:
         (a-1)  An event not listed in Subsection (a)(4) of this
  section is ineligible for funding under this section. A listed
  event may receive funding under this section only if:
               (1)  a site selection organization selects a site
  located in this state for the event to be held one time or, for an
  event scheduled to be held each year for a period of years under an
  event contract, or an event support contract, one time each year for
  the period of years, after considering, through a highly
  competitive selection process, one or more sites that are not
  located in this state;
               (2)  a site selection organization selects a site in
  this state as:
                     (A)  the sole site for the event; or
                     (B)  the sole site for the event in a region
  composed of this state and one or more adjoining states;
               (3)  the event is held not more than one time in any
  year; and
               (4)  the amount of the incremental increase in tax
  receipts determined by the department[comptroller] under
  Subsection (b) of this section equals or exceeds $ 1 million,
  provided that for an event scheduled to be held each year for a
  period of years under an event contract or event support contract,
  the incremental increase in tax receipts shall be calculated as if
  the event did not occur in the prior year.
         (a-2)  Subsection (a-1)(1) of this section does not apply to
  an event that is the largest event held each year at a sports
  entertainment venue in this state with a permanent seating
  capacity, including grandstand and premium seating, of not less
  than 125,000. If an endorsing municipality or endorsing county
  requests the department[comptroller] to make a determination under
  Subsection (b) of this section for an event described by this
  subsection, the provisions of this section apply to that event as if
  it satisfied the eligibility requirements for an event under
  Subsection (a-1)(1) of this section.
         (b)  If a site selection organization selects a site for an
  event in this state pursuant to an application by a local organizing
  committee, endorsing municipality, or endorsing county, upon
  request of a local organizing committee, endorsing municipality, or
  endorsing county, the department[comptroller] shall determine for
  a one-year period that begins two months before the date on which
  the event will begin, in accordance with procedures developed by
  the department[comptroller]:
               (1)  the incremental increase in the receipts to the
  state from taxes imposed under Chapters 151, 152, 156, and 183, Tax
  Code, and under Title 5, Alcoholic Beverage Code, within the market
  areas designated under Subsection (c) of this section, that is
  directly attributable, as determined by the
  department[comptroller], to the preparation for and presentation
  of the event and related activities;
               (2)  the incremental increase in the receipts collected
  by the state on behalf of each endorsing municipality in the market
  area from the sales and use tax imposed by each endorsing
  municipality under Section 321.101(a), Tax Code, and the mixed
  beverage tax revenue to be received by each endorsing municipality
  under Section 183.051(b), Tax Code, that is directly attributable,
  as determined by the department[comptroller], to the preparation
  for and presentation of the event and related activities;
               (3)  the incremental increase in the receipts collected
  by the state on behalf of each endorsing county in the market area
  from the sales and use tax imposed by each endorsing county under
  Section 323.101(a), Tax Code, and the mixed beverage tax revenue to
  be received by each endorsing county under Section 183.051(b), Tax
  Code, that is directly attributable, as determined by the
  department[comptroller], to the preparation for and presentation
  of the event and related activities;
               (4)  the incremental increase in the receipts collected
  by each endorsing municipality in the market area from the hotel
  occupancy tax imposed under Chapter 351, Tax Code, that is directly
  attributable, as determined by the department[comptroller], to the
  preparation for and presentation of the event and related
  activities; and
               (5)  the incremental increase in the receipts collected
  by each endorsing county in the market area from the hotel occupancy
  tax imposed under Chapter 352, Tax Code, that is directly
  attributable, as determined by the department[comptroller], to the
  preparation for and presentation of the event and related
  activities.
         (b-1)  A request for a determination of the amount of
  incremental increase in tax receipts specified by Subsection (b) of
  this section must be submitted to the department[comptroller] not
  earlier than one year and not later than 45 days before the date the
  event begins.  The department[comptroller] shall base the
  determination specified by Subsection (b) of this section on
  information submitted by the local organizing committee, endorsing
  municipality, or endorsing county, and must make the determination
  not later than the 30th day after the date the
  department[comptroller] receives the request and related
  information.
         (c)  For the purposes of Subsection (b)(1) of this section,
  the department[comptroller] shall designate as a market area for
  the event each area in which the department[comptroller] determines
  there is a reasonable likelihood of measurable economic impact
  directly attributable to the preparation for and presentation of
  the event and related activities, including areas likely to provide
  venues, accommodations, and services in connection with the event
  based on the proposal provided by the local organizing committee to
  the department[comptroller].  The department[comptroller] shall
  determine the geographic boundaries of each market area.  An
  endorsing municipality or endorsing county that has been selected
  as the site for the event must be included in a market area for the
  event.
         (d)  Each endorsing municipality or endorsing county shall
  remit to the department[comptroller] and the
  department[comptroller] shall deposit into a trust fund created by
  the department[comptroller] and designated as the Major Events
  trust fund the amount of the municipality's or county's hotel
  occupancy tax revenue determined under Subsection (b)(4) or (b)(5)
  of this section, less any amount of the revenue that the
  municipality or county determines is necessary to meet the
  obligations of the municipality or county.  The comptroller, at the
  direction of the department, shall retain the amount of sales and
  use tax revenue and mixed beverage tax revenue determined under
  Subsection (b)(2) or (b)(3) of this section from the amounts
  otherwise required to be sent to the municipality under Sections
  321.502 and 183.051(b), Tax Code, or to the county under Sections
  323.502 and 183.051(b), Tax Code, and deposit into the trust fund
  the tax revenues, less any amount of the revenue that the
  municipality or county determines is necessary to meet the
  obligations of the municipality or county.  The comptroller shall
  begin retaining and the department shall begin depositing the local
  tax revenues with the first distribution of that tax revenue that
  occurs after the first day of the one-year period described by
  Subsection (b) of this section or at a time otherwise determined to
  be practicable by the department[comptroller] and shall
  discontinue retaining the local tax revenues under this subsection
  when the amount of the applicable tax revenue determined under
  Subsection (b)(2) or (b)(3) of this section has been retained.  The
  Major Events trust fund is established outside the state treasury
  and is held in trust by the department[comptroller] for
  administration of this Act.  Money in the trust fund may be
  disbursed by the department[comptroller] without appropriation
  only as provided by this section.
         (d-1)  Not later than the 90th day after the last day of an
  event and in lieu of the local tax revenues remitted to the
  department or retained by the comptroller under Subsection (d) of
  this section, a municipality or county may remit to the
  department[comptroller] for deposit in the Major Events trust fund
  other local funds in an amount equal to the total amount of local
  tax revenue determined under Subsections (b)(2) through (5) of this
  section.  The amount deposited by the department[comptroller] into
  the Major Events trust fund under this subsection is subject to
  Subsection (f) of this section.
         (e)  In addition to the tax revenue deposited in the Major
  Events trust fund under Subsection (d) of this section, an
  endorsing municipality or endorsing county may guarantee its
  obligations under an event support contract and this section by
  pledging surcharges from user fees, including parking or ticket
  fees, charged in connection with the event.  An endorsing
  municipality or endorsing county may collect and remit to the
  department[comptroller] surcharges and user fees attributable to
  the event for deposit into the Major Events trust fund.
         (f)  The comptroller, at the direction of the department,
  shall deposit into the Major Events trust fund a portion of the
  state tax revenue not to exceed the amount determined under
  Subsection (b)(1) of this section in an amount equal to 6.25 times
  the amount of the local revenue retained or remitted under this
  section, including:
               (1)  local sales and use tax revenue;
               (2)  mixed beverage tax revenue;
               (3)  hotel occupancy tax revenue; and
               (4)  surcharge and user fee revenue.
         (i)  A local organizing committee, endorsing municipality,
  or endorsing county shall provide information required by the
  department[comptroller] to enable the department[comptroller] to
  fulfill the department's[comptroller's] duties under this section,
  including annual audited statements of any financial records
  required by a site selection organization and data obtained by the
  local organizing committee, an endorsing municipality, or an
  endorsing county relating to attendance at the event, including an
  estimate of the number of people expected to attend the event who
  are not residents of this state, and to the economic impact of the
  event.  A local organizing committee, endorsing municipality, or
  endorsing county must provide an annual audited financial statement
  required by the department[comptroller], if any, not later than the
  end of the fourth month after the date the period covered by the
  financial statement ends. After the conclusion of an event and on
  the department's[comptroller's] request, a local organizing
  committee, endorsing municipality, or endorsing county must
  provide information relating to the event, such as attendance
  figures, including an estimate of the number of attendees at the
  event who are not residents of this state, financial information,
  or other public information held by the local organizing committee,
  endorsing municipality, or endorsing county that the
  department[comptroller] considers necessary.
         (j)  Not later than the 30th day after the date a request of a
  local organizing committee, endorsing municipality, or endorsing
  county is submitted to the department[comptroller] under
  Subsection (b-1) of this section, the department[comptroller]
  shall provide an estimate of the total amount of tax revenue that
  would be deposited in the Major Events trust fund under this section
  in connection with that event, if the event were to be held in this
  state at a site selected pursuant to an application by a local
  organizing committee, endorsing municipality, or endorsing county.  
  A local organizing committee, endorsing municipality, or endorsing
  county may submit the department's[comptroller's] estimate to a
  site selection organization.
         (k)  The department[comptroller] may make a disbursement
  from the Major Events trust fund on the prior approval of each
  contributing endorsing municipality or endorsing county for a
  purpose for which a local organizing committee, an endorsing
  municipality, or an endorsing county or the state is obligated
  under a game support contract or event support contract.  If an
  obligation is incurred under a games support contract or event
  support contract to make a structural improvement to the site or to
  add a fixture to the site for purposes of an event and that
  improvement or fixture is expected to derive most of its value in
  subsequent uses of the site for future events, a disbursement from
  the trust fund made for purposes of that obligation is limited to
  five percent of the cost of the improvement or fixture and the
  remainder of the obligation is not eligible for a disbursement from
  the trust fund, unless the improvement or fixture is for a publicly
  owned facility.  In considering whether to make a disbursement from
  the trust fund, the department[comptroller] 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. A
  disbursement may not be made from the trust fund that the
  department[comptroller] determines would be used for the purpose of
  soliciting the relocation of a professional sports franchise
  located in this state.
         (m)  On payment of all state, municipal, or county
  obligations under a game support contract or event support contract
  related to the location of any particular event in the state, the
  department[comptroller] shall remit to each endorsing entity, in
  proportion to the amount contributed by the entity, any money
  remaining in the trust fund.
         (p)  The department[comptroller] may not undertake any of
  the responsibilities or duties set forth in this section unless:
               (1)  a request is submitted by the municipality or the
  county in which the event will be located;
               (2)  the event meets all the requirements for funding
  under this section, including Subsection (a-1) of this section; and
               (3)  the request is accompanied by documentation from a
  site selection organization selecting the site for the event.
         (v)  The department[comptroller] may adopt rules necessary
  to implement this section.
         (w)  Not later than 10 months after the last day of an event
  eligible for disbursements from the Major Events trust fund for
  costs associated with the event, the department[comptroller] using
  existing resources shall complete a study in the market area of the
  event on the measurable economic impact directly attributable to
  the preparation for and presentation of the event and related
  activities.  The department[comptroller] shall post on the
  department's[comptroller's] Internet website:
               (1)  the results of the study conducted under this
  subsection, including any source documentation or other
  information relied on by the department[comptroller] for the study;
               (2)  the amount of incremental increase in tax receipts
  for the event determined under Subsection (b) of this section;
               (3)  the site selection organization documentation
  described in Subsection (p)(3) of this section;
               (4)  any source documentation or information described
  under Subsection (i) of this section that was relied on by the
  department[comptroller] in making the determination of the amount
  of incremental increase in tax receipts under Subsection (b) of
  this section; and
               (5)  documentation verifying that:
                     (A)  a request submitted by a local organizing
  committee, endorsing municipality, or endorsing county under
  Subsection (p) of this section is complete and certified as such by
  the department[comptroller],
                     (B)  the determination on the amount of
  incremental increases in tax receipts under Subsection (b) of this
  section considered the information submitted by a local organizing
  committee, endorsing municipality, or endorsing county as required
  under Subsection (b-1) of this section; and
                     (C)  each deadline established under this section
  was timely met.
         (y)  After the conclusion of an event, the
  department[comptroller] shall compare information on the actual
  attendance figures provided to the department[comptroller] under
  Subsection (i) of this section with the estimated attendance
  numbers used to determine the incremental increase in tax receipts
  under Subsection (b) of this section.  If the actual attendance
  figures are significantly lower than the estimated attendance
  numbers, the department[comptroller] may reduce the amount of a
  disbursement for an endorsing entity under the Major Events trust
  fund in proportion to the discrepancy between the actual and
  estimated attendance and in proportion to the amount contributed to
  the fund by the entity.  The department[comptroller] by rule shall
  define "significantly lower" for purposes of this subsection and
  provide the manner in which a disbursement may be proportionately
  reduced. This subsection does not affect the remittance of any
  money remaining in the fund in accordance with Subsection (m) of
  this section.
         SECTION 7.  Section 5B, Chapter 1507 (S.B. 456), Acts of the
  76th Legislature, Regular Session, 1999 (Article 5190.14, Vernon's
  Texas Civil Statutes), is amended by amending Subsections (b), (c),
  (d), (f), (i), (j), (k), (m), and (o) to read as follows:
         (b)  If a site selection organization selects a site for a
  motor sports racing event in this state pursuant to an application
  by a local organizing committee, endorsing municipality, or
  endorsing county, not later than three months before the date of the
  motor sports racing event, the department[comptroller] shall
  determine for the 30-day period that ends at the end of the day
  after the date on which the racing event will be held, in accordance
  with procedures developed by the department[comptroller]:
               (1)  the incremental increase in the receipts to the
  state from taxes imposed under Chapters 151, 152, 156, and 183, Tax
  Code, and under Title 5, Alcoholic Beverage Code, within the market
  areas designated under Subsection (c) of this section, that is
  directly attributable, as determined by the
  department[comptroller], to the preparation for and presentation
  of the racing event;
               (2)  the incremental increase in the receipts collected
  by the state on behalf of each endorsing municipality in the market
  area from the sales and use tax imposed by each endorsing
  municipality under Section 321.101(a), Tax Code, and the mixed
  beverage tax revenue to be received by each endorsing municipality
  under Section 183.051(b), Tax Code, that is directly attributable,
  as determined by the department[comptroller], to the preparation
  for and presentation of the racing event;
               (3)  the incremental increase in the receipts collected
  by the state on behalf of each endorsing county in the market area
  from the sales and use tax imposed by each endorsing county under
  Section 323.101(a), Tax Code, and the mixed beverage tax revenue to
  be received by each endorsing county under Section 183.051(b), Tax
  Code, that is directly attributable, as determined by the
  department[comptroller], to the preparation for and presentation
  of the racing event;
               (4)  the incremental increase in the receipts collected
  by each endorsing municipality in the market area from the hotel
  occupancy tax imposed under Chapter 351, Tax Code, that is directly
  attributable, as determined by the department[comptroller], to the
  preparation for and presentation of the racing event; and
               (5)  the incremental increase in the receipts collected
  by each endorsing county in the market area from the hotel occupancy
  tax imposed under Chapter 352, Tax Code, that is directly
  attributable, as determined by the department[comptroller], to the
  preparation for and presentation of the racing event.
         (c)  For the purposes of Subsection (b)(1) of this section,
  the department[comptroller] shall designate as a market area for
  the motor sports racing event each area in which the
  department[comptroller] determines there is a reasonable
  likelihood of measurable economic impact directly attributable to
  the preparation for and presentation of the racing event, including
  areas likely to provide venues, accommodations, and services in
  connection with the racing event based on a proposal or other
  information provided by an endorsing municipality, endorsing
  county, or local organizing committee to the
  department[comptroller].  The department[comptroller] shall
  determine the geographic boundaries of each market area. An
  endorsing municipality or endorsing county that has been selected
  as the site for the racing event must be included in a market area
  for the racing event.
         (d)  Each endorsing municipality or endorsing county shall
  remit to the department[comptroller] and the
  department[comptroller] shall deposit into a trust fund created by
  the department[comptroller] and designated as the Motor Sports
  Racing trust fund for the particular event the amount of the
  municipality's or county's hotel occupancy tax revenue determined
  under Subsection (b)(4) or (5) of this section, less any amount of
  the revenue that the municipality or county determines is necessary
  to meet the obligations of the municipality or county.  The
  comptroller, at the direction of the department, shall retain the
  amount of sales and use tax revenue and mixed beverage tax revenue
  determined under Subsection (b)(2) or (3) of this section from the
  amounts otherwise required to be sent to the municipality under
  Sections 321.502 and 183.051(b), Tax Code, or to the county under
  Sections 323.502 and 183.051(b), Tax Code, and deposit into the
  trust fund the tax revenues, less any amount of the revenue that the
  municipality or county determines is necessary to meet the
  obligations of the municipality or county.  The comptroller shall
  begin retaining and the department shall begin depositing the local
  tax revenues with the first distribution of that tax revenue that
  occurs after the first day of the 30-day period described by
  Subsection (b) of this section and shall discontinue retaining the
  local tax revenues under this subsection when the amount of the
  applicable tax revenue determined under Subsection (b)(2) or (3) of
  this section has been retained.  The Motor Sports Racing trust fund
  is established outside the state treasury and is held in trust by
  the department[comptroller] for administration of this section.  
  Money in the trust fund may be disbursed by the
  department[comptroller] without appropriation only as provided by
  this section.
         (f)  The comptroller, at the direction of the department,
  shall deposit a portion of the state tax revenue determined under
  Subsection (b)(1) of this section in an amount equal to 6.25 times
  the amount of the local sales and use tax revenue and mixed beverage
  tax revenue retained and the hotel occupancy tax revenue remitted
  by an endorsing municipality or endorsing county under Subsection
  (d) of this section.
         (i)  A local organizing committee, endorsing municipality,
  or endorsing county shall provide information required by the
  department[comptroller] to enable the department[comptroller] to
  fulfill the department's[comptroller's] duties under this section,
  including annual audited statements of any financial records
  required by a site selection organization and data obtained by the
  local organizing committee, an endorsing municipality, or an
  endorsing county relating to attendance at the motor sports racing
  event and to the economic impact of the racing event.  A local
  organizing committee, endorsing municipality, or endorsing county
  must provide an annual audited financial statement required by the
  department[comptroller], if any, not later than the end of the
  fourth month after the date the period covered by the financial
  statement ends.
         (j)  The department[comptroller] shall provide an estimate
  not later than three months before the date of a motor sports racing
  event of the total amount of tax revenue that would be deposited in
  the Motor Sports Racing trust fund under this section in connection
  with that racing event, if the racing event were to be held in this
  state at a site selected pursuant to an application by a local
  organizing committee, endorsing municipality, or endorsing county.  
  The department[comptroller] shall provide the estimate on request
  to a local organizing committee, endorsing municipality, or
  endorsing county.  A local organizing committee, endorsing
  municipality, or endorsing county may submit the
  department's[comptroller's] estimate to a site selection
  organization.
         (k)  The department[comptroller] may make a disbursement
  from the Motor Sports Racing trust fund on the prior approval of
  each contributing endorsing municipality or endorsing county for a
  purpose for which an endorsing municipality or endorsing county or
  the state is obligated under a motor sports racing event support
  contract or event support contract.  A disbursement may not be made
  from the trust fund that the department[comptroller] determines
  would be used for the purpose of soliciting the relocation of a
  professional sports franchise located in this state.
         (m)  On payment of all state, municipal, or county
  obligations under a motor sports racing support contract or event
  support contract related to the location of any particular racing
  event in the state, the department[comptroller] shall remit to each
  endorsing entity, in proportion to the amount contributed by the
  entity, any money remaining in the trust fund.
         (o)  The department[comptroller] may not undertake any of
  the responsibilities or duties set forth in this section unless a
  request is submitted by the municipality and the county in which the
  motor sports racing event will be held.  The request must be
  accompanied by documentation from a site selection organization
  selecting the site for the racing event.
         SECTION 8.  Section 5C, Chapter 1507 (S.B. 456), Acts of the
  76th Legislature, Regular Session, 1999 (Article 5190.14, Vernon's
  Texas Civil Statutes), is amended by amending Subsections (b),
  (b-1), (c), (c-1), (d), (d-1), (e), (f), (i), (j), (k), (k-1), (m),
  (o), (p), (q), (r), and (t) to read as follows:
         (b)  If a site selection organization selects a site for an
  event in this state pursuant to an application by a local organizing
  committee, endorsing municipality, or endorsing county, not later
  than three months before the date of the event, the
  department[comptroller] shall determine for the 30-day period that
  ends at the end of the day after the date on which the event will be
  held or, if the event occurs on more than one day, after the last
  date on which the event will be held, in accordance with procedures
  developed by the department[comptroller]:
               (1)  the incremental increase in the receipts to this
  state from taxes imposed under Chapters 151, 152, 156, and 183, Tax
  Code, and under Title 5, Alcoholic Beverage Code, within the market
  areas designated under Subsection (c) of this section, that is
  directly attributable, as determined by the
  department[comptroller], to the preparation for and presentation
  of the event and related activities;
               (2)  the incremental increase in the receipts collected
  by this state on behalf of each endorsing municipality in the market
  area from the sales and use tax imposed by each endorsing
  municipality under Section 321.101(a), Tax Code, and the mixed
  beverage tax revenue to be received by each endorsing municipality
  under Section 183.051(b), Tax Code, that is directly attributable,
  as determined by the department[comptroller], to the preparation
  for and presentation of the event and related activities;
               (3)  the incremental increase in the receipts collected
  by this state on behalf of each endorsing county in the market area
  from the sales and use tax imposed by each endorsing county under
  Section 323.101(a), Tax Code, and the mixed beverage tax revenue to
  be received by each endorsing county under Section 183.051(b), Tax
  Code, that is directly attributable, as determined by the
  department[comptroller], to the preparation for and presentation
  of the event and related activities;
               (4)  the incremental increase in the receipts collected
  by each endorsing municipality in the market area from the hotel
  occupancy tax imposed under Chapter 351, Tax Code, that is directly
  attributable, as determined by the department[comptroller], to the
  preparation for and presentation of the event and related
  activities; and
               (5)  the incremental increase in the receipts collected
  by each endorsing county in the market area from the hotel occupancy
  tax imposed under Chapter 352, Tax Code, that is directly
  attributable, as determined by the department[comptroller], to the
  preparation for and presentation of the event and related
  activities.
         (b-1)  The number of requests for funding under this section
  that may be submitted by an endorsing county or endorsing
  municipality during any 12-month period for an event for which the
  department[comptroller] determines that the total amount of the
  incremental increase in tax receipts under Subsection (b) of this
  section is less than $ 200,000 is limited to, during any 12-month
  period, not more than 10 events, only three of which may be
  nonsporting events.
         (c)  For the purposes of Subsection (b)(1) of this section,
  the department[comptroller] shall designate as a market area for
  the event each area in which the department[comptroller] determines
  there is a reasonable likelihood of measurable economic impact
  directly attributable to the preparation for and presentation of
  the event and related activities, including areas likely to provide
  venues, accommodations, and services in connection with the event
  based on the proposal provided by the local organizing committee to
  the department[comptroller].  The department[comptroller] shall
  determine the geographic boundaries of each market area. An
  endorsing municipality or endorsing county that has been selected
  as the site for the event must be included in a market area for the
  event.
         (c-1)  The department[comptroller] shall base the
  determination specified by Subsection (b) of this section on
  information submitted by the local organizing committee, endorsing
  municipality, or endorsing county, and must make the determination
  not later than the 30th day after the date the
  department[comptroller] receives the information.
         (d)  Each endorsing municipality or endorsing county shall
  remit to the department[comptroller] and the
  department[comptroller] shall deposit into a trust fund created by
  the department[comptroller] and designated as the Events trust fund
  the amount of the municipality's or county's hotel occupancy tax
  revenue determined under Subsection (b) (4) or (5) of this section,
  less any amount of the revenue that the municipality or county
  determines is necessary to meet the obligations of the municipality
  or county.  The comptroller, at the direction of the department,
  shall retain the amount of sales and use tax revenue and mixed
  beverage tax revenue determined under Subsection (b)(2) or (3) of
  this section from the amounts otherwise required to be sent to the
  municipality under Sections 321.502 and 183.051(b), Tax Code, or to
  the county under Sections 323.502 and 183.051(b), Tax Code, and
  deposit into the trust fund the tax revenues, less any amount of the
  revenue that the municipality or county determines is necessary to
  meet the obligations of the municipality or county.  The
  comptroller shall begin retaining and the department shall begin
  depositing the local tax revenues with the first distribution of
  that tax revenue that occurs after the first day of the period
  described by Subsection (b) of this section or at a time otherwise
  determined to be practicable by the department[comptroller] and
  shall discontinue retaining the local tax revenues under this
  subsection when the amount of the applicable tax revenue determined
  under Subsection (b)(2) or (3) of this section has been retained.  
  The Events trust fund is established outside the state treasury and
  is held in trust by the department[comptroller] for administration
  of this section. Money in the trust fund may be disbursed by the
  department[comptroller] without appropriation only as provided by
  this section.
         (d-1)  Not later than the 90th day after the last day of an
  event and in lieu of the local tax revenues remitted to the
  department or retained by the comptroller under Subsection (d) of
  this section, a municipality or county may remit to the
  department[comptroller] for deposit in the Events trust fund other
  local funds in an amount equal to the total amount of local tax
  revenue determined under Subsections (b)(2) through (5) of this
  section.  The amount deposited by the department[comptroller] into
  the Events trust fund under this subsection is subject to
  Subsection (f) of this section.
         (e)  In addition to the tax revenue deposited in the Events
  trust fund under Subsection (d) of this section, an endorsing
  municipality or endorsing county may guarantee its obligations
  under an event support contract and this section by pledging
  surcharges from user fees, including parking or ticket fees,
  charged in connection with the event. An endorsing municipality or
  endorsing county may collect and remit to the
  department[comptroller] surcharges and user fees attributable to
  the event for deposit into the Events trust fund.
         (f)  The comptroller, at the direction of the department,
  shall deposit into the Events trust fund a portion of the state tax
  revenue not to exceed the amount determined under Subsection (b)(1)
  of this section in an amount equal to 6.25 times the amount of the
  local tax revenue retained or remitted under this section,
  including:
               (1)  local sales and use tax revenue;
               (2)  mixed beverage tax revenue;
               (3)  hotel occupancy tax revenue; and
               (4)  surcharge and user fee revenue.
         (i)  A local organizing committee, endorsing municipality,
  or endorsing county shall provide information required by the
  department[comptroller] to enable the department[comptroller] to
  fulfill the department's[comptroller's] duties under this section,
  including annual audited statements of any financial records
  required by a site selection organization and data obtained by the
  local organizing committee, an endorsing municipality, or an
  endorsing county relating to attendance at the event, including an
  estimate of the number of people expected to attend the event who
  are not residents of this state, and to the economic impact of the
  event.  A local organizing committee, endorsing municipality, or
  endorsing county must provide an annual audited financial statement
  required by the department[comptroller], if any, not later than the
  end of the fourth month after the date the period covered by the
  financial statement ends.  After the conclusion of an event and on
  the department's[comptroller's] request, a local organizing
  committee, endorsing municipality, or endorsing county must
  provide information relating to the event, such as attendance
  figures, including an estimate of the number of people who are not
  residents of this state who attended the event, financial
  information, or other public information held by the local
  organizing committee, endorsing municipality, or endorsing county
  that the department[comptroller] considers necessary.
         (j)  The department[comptroller] shall provide an estimate
  not later than three months before the date of an event of the total
  amount of tax revenue that would be deposited in the Events trust
  fund under this section in connection with that event, if the event
  were to be held in this state at a site selected pursuant to an
  application by a local organizing committee, endorsing
  municipality, or endorsing county. The department[comptroller]
  shall provide the estimate on request to a local organizing
  committee, endorsing municipality, or endorsing county.  A local
  organizing committee, endorsing municipality, or endorsing county
  may submit the department's[comptroller's] estimate to a site
  selection organization.
         (k)  The department[comptroller] may make a disbursement
  from the Events trust fund on the prior approval of each
  contributing endorsing municipality or endorsing county for a
  purpose for which a local organizing committee, an endorsing
  municipality, or an endorsing county or this state is obligated
  under an event support contract, including an obligation to pay
  costs incurred in the conduct of the event and costs incurred in
  making preparations necessary for the event.  If an obligation is
  incurred under an event support contract to make a structural
  improvement to the site or to add a fixture to the site for purposes
  of an event and that improvement or fixture is expected to derive
  most of its value in subsequent uses of the site for future events,
  a disbursement from the trust fund made for purposes of that
  obligation is limited to five percent of the cost of the improvement
  or fixture and the remainder of the obligation is not eligible for a
  disbursement from the trust fund, unless the improvement or fixture
  is for a publicly owned facility.  In considering whether to make a
  disbursement from the trust fund, the department[comptroller] 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.
         (k-1)  A disbursement may not be made from the trust fund
  that the department[comptroller] determines would be used for the
  purpose of:
               (1)  soliciting the relocation of a professional sports
  franchise located in this state;
               (2)  constructing an arena, stadium, or convention
  center; or
               (3)  conducting usual and customary maintenance of a
  facility.
         (m)  On payment of all state, municipal, or county
  obligations under an event support contract related to the location
  of any particular event in this state, the department[comptroller]
  shall remit to each endorsing entity, in proportion to the amount
  contributed by the entity, any money remaining in the Events trust
  fund.
         (o)  The department[comptroller] may not undertake any of
  the responsibilities or duties set forth in this section unless a
  request is submitted by the municipality or the county in which the
  event will be located. The request must be accompanied by
  documentation from a site selection organization selecting the site
  for the event.
         (p)  The department[comptroller] may adopt rules necessary
  to implement this section.
         (q)  In determining the amount of state revenue available
  under Subsection (b)(1) of this section, the
  department[comptroller] may consider whether:
               (1)  the event has been held in this state on previous
  occasions; and
               (2)  changes to the character of the event could affect
  the incremental increase in receipts collected and remitted to the
  state by an endorsing county or endorsing municipality under that
  subsection.
         (r)  The department[comptroller] may adopt a model event
  support contract and make the contract available on the
  department's[comptroller's] Internet website. The adoption by the
  department[comptroller] of a model event support contract under
  this subsection does not require use of the model event support
  contract for purposes of this section.
         (t)  After the conclusion of an event, the
  department[comptroller] shall compare information on the actual
  attendance figures provided to the department[comptroller] under
  Subsection (i) of this section with the estimated attendance
  numbers used to determine the incremental increase in tax receipts
  under Subsection (b) of this section.  If the actual attendance
  figures are significantly lower than the estimated attendance
  numbers, the department[comptroller] may reduce the amount of a
  disbursement for an endorsing entity under the Events trust fund in
  proportion to the discrepancy between the actual and estimated
  attendance and in proportion to the amount contributed to the fund
  by the entity.  The department[comptroller] by rule shall define
  "significantly lower" for purposes of this subsection and provide
  the manner in which a disbursement may be proportionately reduced.
  This subsection does not affect the remittance of any money
  remaining in the fund in accordance with Subsection (m) of this
  section.
         SECTION 9.  Section 6, Chapter 1507 (S.B. 456), Acts of the
  76th Legislature, Regular Session, 1999 (Article 5190.14, Vernon's
  Texas Civil Statutes), is amended by amending Subsection (b) to
  read as follows:
         (b)  If an endorsing municipality or endorsing county is
  required to hold an election under this section and the
  contribution of a portion of the municipality's or county's sales
  and use taxes to the Olympic Games trust fund under Section 5 of
  this Act is not approved by a majority of the voters voting in the
  election:
               (1)  the department[comptroller] may not establish the
  Olympic Games trust fund under Section 5 of this Act, may not retain
  the municipality's or county's tax revenue under Section 5(d) of
  this Act from amounts otherwise required to be sent to that
  municipality or county, and may not deposit any state tax revenue
  into the trust fund;
               (2)  the department[comptroller] is not required to
  determine the incremental increase in state, county, or municipal
  tax revenue under Section 5(b) of this Act; and
               (3)  the department may not enter into a games support
  contract relating to the games for which the municipality or county
  has authorized a bid on its behalf.
         SECTION 10.  REPEALER. The following laws are repealed:
               (1)  Subsection (s), Section 5C, Chapter 1507 (S.B.
  456), Acts of the 76th Legislature, Regular Session, 1999 (Article
  5190.14, Vernon's Texas Civil Statutes); and
               (2)  Chapter 398, Local Government Code.
         SECTION 11.  (a)  Not later than September 1, 2015:
               (1)  the administration of the pan american games trust
  fund, olympic games trust fund, major events trust fund, motor
  sports racing trust fund, and events trust fund for sporting and
  non-sporting events shall be transferred from the comptroller to
  the economic development and tourism division, office of the
  governor;
               (2)  all rules, forms, policies, procedures, or
  decisions of the comptroller that are related to the pan american
  games trust fund, olympic games trust fund, major events trust
  fund, motor sports racing trust fund, and events trust fund for
  sporting and non-sporting events are continued in effect as rules,
  forms, policies, procedures, or decisions of the economic
  development and tourism division, office of the governor until
  superseded by a rule or other appropriate act of the economic
  development and tourism division, office of the governor;
               (4)  a reference in law or administrative rule to the
  comptroller relating to the administration of the pan american
  games trust fund, olympic games trust fund, major events trust
  fund, motor sports racing trust fund, and events trust fund for
  sporting and non-sporting events means the economic development and
  tourism division, office of the governor.
         (b)  Before the transfer of the administration of the pan
  american games trust fund, olympic games trust fund, major events
  trust fund, motor sports racing trust fund, and events trust fund
  for sporting and non-sporting events, the comptroller and the
  economic development and tourism division, office of the governor
  shall coordinate the transfer of powers and duties including
  records and other items, to ensure a smooth transition.
         SECTION 12.  Notwithstanding the repeal by this Act of
  Chapter 398, Local Government Code, a special event plan approved
  under former Chapter 398 of that code before September 1, 2015, is
  governed by the law as it existed immediately before the effective
  date of this Act, and that law is continued in effect for that
  purpose.
         SECTION 13.  This Act takes effect September 1, 2015.
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