Sec. 398.007. SPECIAL EVENT TRUST FUND

(a) If a special event plan is approved under Section 398.006 and the host community is selected as the site of the special event, the comptroller shall deposit into a special event trust fund established by the comptroller for the host community the amount requested in the special event plan approved as provided by Section 398.006. The comptroller shall make the deposits from the state tax receipts as soon as practicable after those taxes are collected.

(b) The special event trust fund for a host community shall be established outside the treasury and held in trust by the comptroller for the administration of this chapter. Money in the trust fund may be disbursed by the comptroller only as provided by this chapter. No appropriation is necessary for that purpose.

(c) A host community may use the money in the special event trust fund only for a public purpose related to the special event to pay the expenses of:

(1) providing security specifically for the event;

(2) providing public transportation and traffic management services for the event;

(3) providing or renting public facilities and the utilities associated with the use of the facilities during the event;

(4) preparing or maintaining a contract associated with conducting the event;

(5) providing maintenance and janitorial services in preparation for, during, or on completion of the event;

(6) developing or providing a special promotion, incentive, or award for or associated with the event; and

(7) any other activity or item authorized in the special event plan approved under Section 398.006.

(d) A host community may not use the money in the special event trust fund to construct a facility.

(e) Each political subdivision within a host community shall submit to the comptroller a written application for reimbursement for an approved event-related expense accompanied by a paid invoice or receipt. On receipt of the application in proper form, the comptroller shall make a disbursement from the political subdivision's special event trust fund to reimburse the political subdivision for an event-related expense authorized by Subsection (c) and incurred by the political subdivision.

(f) Not later than the 180th day following the last day of the special event, or on an earlier date if each political subdivision within a host community certifies to the comptroller that the political subdivision has paid all obligations payable from the special event trust fund, the comptroller shall transfer to the general revenue fund any money remaining in the trust fund.

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