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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Comm_Sub.html

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84R31491 DDT-D
By: Fraser S.B. No. 633
(Isaac)
Substitute the following for S.B. No. 633: No.

A BILL TO BE ENTITLED
AN ACT
relating to certain event trust funds and the abolishment of the
special event trust fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 4(i) and (l), 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, are reenacted and amended to read as
follows:
(i) The comptroller shall provide an estimate not later than
September [December] 1 [, 2003,] 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 [,
2012,] 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
comptroller shall provide the estimate on request to a local
organizing committee. A local organizing committee may submit the
comptroller's estimate to a site selection organization.
(l) On January 1 [, 2013,] of the second year following the
year in which the games are held in this state, the 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 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 2. Section 5A(a), 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 Subdivision
(4) and by amending Subdivision (5), as amended by S.B. 293, Acts of
the 84th Legislature, Regular Session, 2015, to read as follows:
(4) "Event" means a Super Bowl, a National Collegiate
Athletic Association Final Four tournament game, the National
Basketball Association All-Star Game, the X Games, the National
Hockey League All-Star Game, the Major League Baseball All-Star
Game, a game of the National Collegiate Athletic Association Bowl
Championship Series or its successor or a National Collegiate
Athletic Association Division I Football Bowl Subdivision
postseason playoff or championship game, the National Collegiate
Athletic Association men's or women's lacrosse championships, a
World Cup Soccer game, the World Cup soccer tournament, the Major
League Soccer All-Star Game, the Major League Soccer Cup, the
Professional Rodeo Cowboys Association National Finals Rodeo, an
Elite Rodeo Association World Championship, the United States Open
Championship, the World Games, a national collegiate championship
of an amateur sport sanctioned by the national governing body of the
sport that is recognized by the United States Olympic Committee, an
Olympic activity, including a Junior or Senior activity, training
program, or feeder program sanctioned by the United States Olympic
Committee's Community Olympic Development Program, the Amateur
Athletic Union Junior Olympic Games, a mixed martial arts
championship, the Breeders' Cup World Championships, a Formula One
automobile race, the Moto Grand Prix of the United States, the
Academy of Country Music Awards, the National Cutting Horse
Association Triple Crown, a national political convention of the
Republican National Committee or the Democratic National
Committee, a presidential general election debate, or 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. The term includes any
activities related to or associated with an event.
(5) "Site selection organization" means:
(A) the National Football League, the National
Collegiate Athletic Association, the National Basketball
Association, ESPN or an affiliate, the National Hockey League,
Major League Baseball, the Federation Internationale de Football
Association (FIFA), the International World Games Association, the
National Association for Stock Car Auto Racing (NASCAR), Dorna
Sports, the Amateur Athletic Union, the Professional Rodeo Cowboys
Association, the Elite Rodeo Association, Major League Soccer, the
United States Golf Association, or the United States Olympic
Committee;
(B) the national governing body of a sport that
is recognized by the United States Olympic Committee, the National
Thoroughbred Racing Association, Formula One Management Limited,
or the Federation Internationale de l'Automobile;
(C) the Academy of Country Music;
(D) the National Cutting Horse Association;
(E) the Republican National Committee or the
Democratic National Committee; [or]
(F) the Ultimate Fighting Championship; or
(G) the Commission on Presidential Debates.
SECTION 3. 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 adding Subsection (a-3) to
read as follows:
(a-3) For purposes of Subsection (a-1) of this section, each
presidential general election debate in a series of presidential
debates before a general election is considered a separate, single
event.
SECTION 4. Chapter 398, Local Government Code, is repealed.
SECTION 5. 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 6. This Act takes effect September 1, 2015.