Texas Statutes
§ 480.0203 — REDUCTION OF DISBURSEMENT AMOUNT.
Texas § 480.0203
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 480.0203 (REDUCTION OF DISBURSEMENT AMOUNT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Government Code Code Ann. § 480.0203 (2026).
Text
Sec. 480.0203. REDUCTION OF DISBURSEMENT AMOUNT.
(a)After the conclusion of an event, the office shall compare information on the actual attendance figures provided under Section 480.0251 with the estimated attendance numbers used to determine the incremental increase in tax receipts under Section 480.0102 . If the actual attendance figures are significantly lower than the estimated attendance numbers, the office may reduce the amount of a disbursement from the events trust fund for an endorsing entity:
(1)in proportion to the discrepancy between the actual and estimated attendance; and
(2)in proportion to the amount the entity contributed to the fund.
(b)The office by rule shall:
(1)define "significantly lower" for purposes of this section; and
(2)provide the manner in which the off
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Legislative History
Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174 ), Sec. 1.01, eff. April 1, 2021.
Nearby Sections
15
§ 480.0001
DEFINITIONS.§ 480.0002
RULES.§ 480.0003
CONSTRUCTION OF CHAPTER.§ 480.0051
EVENTS ELIGIBLE FOR FUNDING.§ 480.0052
LIMITATIONS ON CERTAIN FUNDING REQUESTS.§ 480.0101
PREREQUISITES FOR OFFICE ACTION.§ 480.0103
TIME FOR DETERMINATION.§ 480.0104
DESIGNATION OF MARKET AREA.§ 480.0106
MODEL EVENT SUPPORT CONTRACT.§ 480.0151
EVENTS TRUST FUND.§ 480.0153
OTHER LOCAL MONEY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 480.0203, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/480.0203.