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.