Texas § 480.0204 ALLOWABLE EXPENSES.

Texas Statutes

§ 480.0204 — ALLOWABLE EXPENSES.

Texas § 480.0204

Code GVGovernment Code

This text of Texas § 480.0204 (ALLOWABLE EXPENSES.) 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. § 480.0204 (2026).

Text

Sec. 480.0204. ALLOWABLE EXPENSES.

(a)Money in the events trust fund may be used to:

(1)pay the principal of and interest on notes issued under Section 480.0252 ; and

(2)fulfill obligations of an endorsing municipality, an endorsing county, or this state to a site selection organization under an event support contract.

(b)Subject to Sections 480.0202 and 480.0205 , the obligations described by Subsection (a)(2) may include the payment of:

(1)the costs relating to the preparations necessary for conducting the event; and

(2)the costs of conducting the event, including costs of an improvement or renovation to an existing facility and costs of acquisition or construction of a new facility or other facility.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 480.0204. ALLOWABLE EXPENSES. (a) Money in the events trust fund may be used to:
(1) pay the principal of and interest on notes issued under Section 480.0252 ; and
(2) fulfill obligations of an endorsing municipality, an endorsing county, or this state to a site selection organization under an event support contract.
(b) Subject to Sections 480.0202 and 480.0205 , the obligations described by Subsection (a)(2) may include the payment of:
(1) the costs relating to the preparations necessary for conducting the event; and
(2) the costs of conducting the event, including costs of an improvement or renovation to an existing facility and costs of acquisition or construction of a new facility or other facility.