Sec. 398.006. SPECIAL EVENT PLAN; REQUEST FOR MONEY; APPROVAL

(a) Not less than six months before the first day of a special event, a host community requesting money under this chapter shall submit a special event plan to the Texas Economic Development and Tourism Office.

(b) A special event plan must include:

(1) a copy of an economic impact study for the special event that has been certified under Section 398.005;

(2) the history of the event in the special event area, a description of previous attempts by the host community to secure the event, information regarding attempts by other communities to recruit the event, and any other information that would justify approval of the amount of money requested for the event under this chapter;

(3) a detailed explanation justifying each expense as it relates to the purposes provided by Section 398.007(c) that each political subdivision within a host community anticipates will be incurred in connection with hosting the event and for which each political subdivision intends to use revenue from the special event trust fund established by the comptroller for the host community under this chapter;

(4) an estimate of the total amount of expenses each political subdivision within a host community anticipates will be incurred in hosting the event; and

(5) a request that an amount of money, not to exceed the lesser of one-half of the amount of the total expenses estimated under Subdivision (4) or one-half of the amount of the anticipated increase in tax receipts to this state described by Section 398.004(b)(2) according to the certified economic impact study, be deposited by the comptroller into a special event trust fund for the host community.

(c) A host community may submit with a special event plan a copy of an agreement between each political subdivision within the host community and the organizers of the special event, which may include provisions governing the expenses the host community or a political subdivision has agreed to pay. The agreement may not be for a term greater than five years.

(d) The Texas Economic Development and Tourism Office shall submit the host community's special event plan to the governor, the lieutenant governor, and the speaker of the house of representatives for approval. The plan is considered approved if the written approval of the governor, the lieutenant governor, and the speaker of the house of representatives is received by the office not later than the 90th day after the date the office received the plan from the host community.

(e) If the written approval of the governor, the lieutenant governor, and the speaker of the house of representatives is not received as provided by Subsection (d), the special event plan is considered disapproved.

Added by Acts 2005, 79th Leg., Ch. 117 , Sec. 1, eff. September 1, 2005.