Texas Government Code - GOV'T § 479.0153. Allowable Expenses
Current as of April 14, 2021 | Updated by FindLaw Staff
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(a) Money in the trust fund may be used to:
(1) pay the principal of and interest on notes issued under Section 479.0202; and
(2) fulfill obligations of an endorsing municipality, an endorsing county, or this state to a site selection organization under a motor sports racing event support contract or event support contract.
(b) 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 motor sports racing event; and
(2) the costs of conducting the racing event, including costs of a temporary improvement or temporary renovation to an existing facility specific to the racing event.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 479.0153. Allowable Expenses - last updated April 14, 2021 | https://codes.findlaw.com/tx/government-code/gov-t-sect-479-0153/
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