81st Texas Legislature, Senate Bill 1515, Chapter 810 Page: 12 of 27

                                
S.B. No. 1515
1 this    ction].
2        (g) To meet its obligations under a game support contract or
3 event support contract to improve, construct, renovate, or acquire
4  facilities or to acquire equipment, an endorsing municipality by
5 ordinance or an endorsing county by order may authorize the
6  issuance of notes. An endorsing municipality or endorsing county
7 may provide that the notes be paid from and secured by amounts on
8 deposit or amounts to be deposited into the Major [Ot4e] Events
9 trust fund or surcharges from user fees, including parking or
10  ticket fees, charged in connection with the event [gamfe]. Any note
11  issued must mature not later than seven years from its date of
12  issuance.
13        (h) The funds in the Major [O t r] Events trust fund may be
14  used to pay the principal of and interest on notes issued by an
15  endorsing municipality or endorsing county under Subsection (g) of
16  this section and to fulfill obligations of the state or an endorsing
17 municipality or endorsing county to a site selection organization
18  under a game support contract or event support contract, which
19  obligations may include the payment of costs relating to the
20 preparations necessary or desirable for the conduct of the event
21  [q-ae] and the payment of costs of conducting the event [jaee],
22  including improvements or renovations to existing facilities or
23 other facilities and costs of acquisition or construction of new
24 facilities or other facilities.
25        (i) A local organizing committee, endorsing municipality,
26  or endorsing county shall provide information required by the
27  comptroller to enable the comptroller to fulfill the comptroller's

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