81st Texas Legislature, Senate Bill 1515, Chapter 810 Page: 9 of 27
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S.B. No. 1515
1 [events].]
2 (b-1) A request for a determination of the amount of
3 incremental increase in tax receipts specified by Subsection (b) of
4 this section must be submitted to the comptroller not earlier than
5 one year and not later than three months before the date the event
6 begins. The comptroller shall base the determination specified by
7 Subsection (b) of this section on information submitted by the
8 local organizing committee, endorsing municipality, or endorsing
9 county, and must make the determination not later than the 30th day
10 after the date the comptroller receives the request and related
11 information.
12 (c) For the purposes of Subsection (b)(1) of this section,
13 the comptroller shall designate as a market area for the event
14 [qame] each area in which the comptroller determines there is a
15 reasonable likelihood of measurable economic impact directly
16 attributable to the preparation for and presentation of the event
17 [5.ae] and related activities [event], including areas likely to
18 provide venues, accommodations, and services in connection with the
19 event [q&e] based on the proposal provided by the local organizing
20 committee to the comptroller. The comptroller shall determine the
21 geographic boundaries of each market area. An endorsing
22 municipality or endorsing county that has been selected as the site
23 for the event [affie] must be included in a market area for the event
24 [game].
25 (d) Each endorsing municipality or endorsing county shall
26 remit to the comptroller and the comptroller shall deposit into a
27 trust fund created by the comptroller and designated as the Major9
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Texas. Legislature. Senate. 81st Texas Legislature, Senate Bill 1515, Chapter 810, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth149390/m1/9/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.