§ 334.0242 — ELECTION ON USE OF TAXES TO IMPROVE OR MAINTAIN VENUE PROJECT.

Texas § 334.0242

• Jurisdiction: Texas
• Code LG: Local Government Code

Text

Sec. 334.0242. ELECTION ON USE OF TAXES TO IMPROVE OR MAINTAIN VENUE PROJECT. (a) Except as provided by Subsection (e), if one or more methods of financing have been approved at an election held under Section 334.024 , the governing body of the municipality or county imposing the method may order an election on the question of approving the use of revenue derived from one or more approved methods to finance a related venue project.
(b) The ballot at the election held under this section must be printed to permit voting for or against the proposition:
"Authorizing __________ (insert name of municipality or county) to use an amount not to exceed __________ (insert percentage of tax revenue or dollar amount of revenue to be used for each type of tax) of the revenue derived from the __________ (insert each type of tax) tax, to finance the __________ (describe the related venue project and its relation to the previously approved venue project)."
(c) If a majority of the votes cast at an election held under this section approve the proposition, the municipality or county may use the revenue to finance the related venue project described in the proposition.
(d) At an election held under this section, the municipality or county may not change the rate of the tax or the method of financing previously authorized under Section 334.024 .
(e) This section does not authorize the municipality or county to use revenue from a hotel occupancy tax under Subchapter H.

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 869 (H.B. 1524 ), Sec. 2, eff. June 15, 2007.