Issue Date: 1999-09-01
Revised Date: 2019-09-01

Legal Cites


1999 by S.B. 456, 76th, Leg., R.S.


If a site is selected in this state, to retain a portion of state and municipal sales taxes in an amount of estimated incremental increases directly attributable, as determined by the governor's office, to the preparation for and presentation of the games and related events. Total tax revenue deposited to the fund may not exceed $100 million. To be used to fulfill joint obligations of the state and endorsing municipality to a site selection organization under a games support contract.

Classification Group 13: Local Trust [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure.

Administering Agencies


Texas Department of Economic Development (480) repealed and duties transferred to the Economic Development and Tourism Office in the Governor's office by S.B. 275, 78th Leg., R.S., effective 9-1-03.

Amended by H.B. 1675, 78th 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. 477 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.