Issue Date: 2007-06-15
Revised Date: 2019-09-01

Legal Cites


2007 by S.B. 1523, 80th Leg., R.S.


If site selection approved for an event or related series of events sanctioned by a site selection organization, comptroller shall deposit a portion of state and local sales, hotel and mixed beverage taxes in an amount of estimated incremental increases determined by the comptroller, to the fund as soon as practicable after the taxes are collected or as otherwise determined by the governor's office. In addition, a municipality or county may remit surcharges and user fees to the fund. The fund is outside the treasury held in trust by comptroller and may be disbursed without appropriation to pay principal and interest on notes and to fulfill obligation to a site selection organization, including improvements, renovations and costs of acquisition or construction. Fund established in the Uniform Statewide Accounting System (USAS) to facilitate processing and reporting of expenditures, including payroll, through USAS and the Uniform Statewide Payroll System.

Classification Group 13: Local Trust [?]
Depository Interest Credited to General Revenue Fund 0001.
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure.

Administering Agencies


Title changed (from Sporting Trust Fund for Certain Municipalities and Counties) and amended by S.B. 1515, 81st Leg., R.S.

Administration of fund changed from Office of the Comptroller to Economic Development and Tourism Division, Office of the Governor by S.B. 633, 84th Leg., R.S.

Codified from Vernon's Civil Statues art. 5190.14 to Government Code Ch. 480 by H.B. 4174, 86th Leg., R.S.

USAS Values

Consolidated Fund
State Fund Group 13 - LOCAL TRUST
USAS Status A
Funds held outside the state treasury in a trustee capacity for individuals, private organizations or other governmental entities. Includes assets belonging to individuals and other entities held temporarily in a custodial capacity.