Text of section effective on April 01, 2021
Sec. 478.0107. ECONOMIC IMPACT STUDY. (a) Not later than the 10th month after the last day of an event eligible for disbursements from the fund, using existing resources, the office shall complete a study in the market area of the event on the measurable economic impact directly attributable to the preparation for and presentation of the event.
(b) The office shall post on the office's Internet website:
(1) the results of the study conducted under Subsection (a), including any source documentation or other information on which the office relied for the study;
(2) the incremental increase in tax receipts for the event determined under Section 478.0102 and any source documentation or information described by Section 478.0251 on which the office relied to determine that increase;
(3) the documentation described by Section 478.0101(3); and
(4) documentation verifying that:
(A) a request submitted under Section 478.0101 is complete and certified as complete by the office;
(B) the office considered the information submitted by a local organizing committee, endorsing municipality, or endorsing county to determine the incremental increase in tax receipts under Section 478.0102 as required by Section 478.0102(b); and
(C) each deadline established under this chapter was met.
Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.
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