For the Major Events Trust Fund, the Comptroller of Public Accounts has adopted amendments to 34 TAC §2.102, concerning Request to Establish a Trust Fund, without changes to the proposed text as published in the March 7, 2014, issue of the Texas Register. The comptroller adopts amendments to §2.100, concerning definitions, §2.101, concerning eligibility, §2.103, concerning reporting, and §2.104, concerning reimbursement, new §2.106, concerning event support contracts, and new §2.107, concerning allowed and disallowed costs, with changes to the proposed text as published in the March 7, 2014, issue of the Texas Register. The amendments are deemed necessary to implement provisions of VTCS, Article 5190.14, Section 5A, as amended by Senate Bill 1678, 83rd Legislature; Senate Bill 398, 83rd Legislature, 2013; and Senate Bill 309, 82nd Legislature, 2011.
Amendments to §2.102(f) provide that a request for participation, including a request for determination of the amount of incremental increase in tax receipts must be submitted not earlier than one year and not later than 45 days before the date the event begins.
For the Events Trust Fund, the Comptroller of Public Accounts has adopted amendments to 34 TAC §2.202, concerning request to establish a trust fund, without changes to the proposed text as published in the March 7, 2014, issue of the Texas Register. The comptroller adopts amendments to §2.200, concerning definitions, §2.201, concerning eligibility, §2.203, concerning reporting, §2.204, concerning disbursements for event costs, §2.205, concerning allowed and disallowed costs, and new §2.206, concerning event support contracts, with changes to the proposed text as published in the March 7, 2014, issue of the Texas Register. The amendments are deemed necessary to implement provisions of VTCS, Article 5190.14, Section 5C, as amended by Senate Bill 1678, 83rd Legislature, 2013.
Amendments to §2.201(a) provide that an event scheduled to be held one time each year or for a period of years under an event support contract may be eligible for participation in the Events Trust Fund program if other criteria are met. This same amendment more closely conforms the eligibility criteria in the rule to the statute. The proposed amendments create subsection (c) to provide that during any 12-month period, endorsing municipalities and/or endorsing counties are limited to ten trust fund requests for an event with an incremental tax increase of less than $200,000, no more than three of such events may be nonsporting events.
A grammatical error in §2.201(a)(1) in which the phrase "events support contract" was erroneously used instead of the phrase "event support contract" has been corrected.
Amendments to §2.202(a) add a requirement that the economic impact study for a particular event must include an estimate of the number of attendees to this event who are not residents of Texas. Certain information required to be included in the economic impact study under subsection (b) is now moved to subsection (a).
Comptroller Adopts Changes to Major Events Trust Fund and Events Trust Fund Rules
