Texas Comptroller of Public Accounts
| Legal Citations: |
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| Origin Date: 1999 by S.B. 456, 76th, Leg., R.S. |
| Issue Date: 1999-09-01 |
| Revised Date: 2019-09-01 |
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. |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Texas Department of Economic Development (480) repealed and duties transferred to the Economic Development and Tourism Office in the Governor's office by S.B. 275, 78th Leg., R.S., effective 9-1-03.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 Title | OLYMPIC GAMES TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 13 - LOCAL TRUST |
| USAS Status | A |