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Texas Government Code - GOV'T § 478.0205. Limitation on Certain Disbursements

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A disbursement from the fund is limited to five percent of the cost of a structural improvement or a fixture if:

(1) an obligation is incurred under a games support contract or event support contract to make the improvement or add the fixture to a site for an event; and

(2) the improvement or fixture is expected to derive most of its value in subsequent uses of the site for future events.

(b) The remainder of an obligation described by Subsection (a) is not eligible for a disbursement from the fund, unless the obligation is for an improvement or fixture for a publicly owned facility.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 478.0205. Limitation on Certain Disbursements - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-478-0205/

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 before relying on it for your legal needs.

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