| Issue Date: | 1999-09-01 |
|---|---|
| Revised Date: | 2019-09-01 |
Legal Cites
- Government Code sec. 476.0101, sec. 476.0102, sec. 476.0103, sec. 476.0104, sec. 476.0151, sec. 476.0152
Origin:
1999 by S.B. 456, 76th, Leg., R.S.
Purpose
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 $20 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
Note
Texas Department of Economic Development (480) repealed and duties transferred to the Economic Development and Tourism Office in the Governor's office by S.B. 275, 78th Leg., R.S., effective 9-1-03.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. 476 by H.B. 4174, 86th Leg., R.S.
USAS Values
| USAS Title | PAN AMERICAN GAMES TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 13 - LOCAL TRUST |
| USAS Status | A |