Texas § 479.0152 DISBURSEMENT FROM TRUST FUND.

Texas Statutes

§ 479.0152 — DISBURSEMENT FROM TRUST FUND.

Texas § 479.0152

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 479.0152 (2026).

Text

Sec. 479.0152. DISBURSEMENT FROM TRUST FUND.

(a)After approval of each contributing endorsing municipality and endorsing county, the office may make a disbursement from the trust fund for a purpose for which an endorsing municipality, an endorsing county, or this state is obligated under a motor sports racing event support contract or event support contract.

(b)If the office makes a disbursement from the trust fund, the office shall satisfy the obligation proportionately from the municipal, county, and state revenue in the trust fund.

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Sec. 479.0152. DISBURSEMENT FROM TRUST FUND. (a) After approval of each contributing endorsing municipality and endorsing county, the office may make a disbursement from the trust fund for a purpose for which an endorsing municipality, an endorsing county, or this state is obligated under a motor sports racing event support contract or event support contract.
(b) If the office makes a disbursement from the trust fund, the office shall satisfy the obligation proportionately from the municipal, county, and state revenue in the trust fund.