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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) Money in the fund may be used to:
(1) pay the principal of and interest on notes issued under Section 478.0252; and
(2) fulfill obligations of an endorsing municipality, an endorsing county, or this state to a site selection organization under a games support contract or event support contract.
(b) Subject to Sections 478.0202 and 478.0205, the obligations described by Subsection (a)(2) may include the payment of:
(1) the costs relating to the preparations necessary or desirable for conducting the event; and
(2) the costs of conducting the event, including the costs of an improvement or renovation to an existing facility and the costs of the acquisition or construction of a new facility or other facility.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 478.0204. Allowable Expenses - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-478-0204/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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