(a) An event is eligible for participation in the Major
Events Reimbursement Program only if:
(1) the event and the site selection organization for
the event are identified in Texas Revised Civil Statutes, Article
5190.14, Sections 5A(a)(4) and (5);
(2) a site selection organization selects a site in
Texas through a highly competitive process after considering one or
more sites that are not located in this state, for the event to be
held one time or, for an event scheduled to be held each year for
a period of years under an event support contract, one time each year
for the period of years;
(3) a site selection organization selects a site in
this state as:
(A) the sole site for the event; or
(B) the sole site for the event in a region composed
of this state and one or more adjoining states;
(4) the event will not be held more than one time in
any year; and
(5) the Office determines that the incremental increase
in tax receipts equals or exceeds $1 million per year for the event,
provided that for an event scheduled to be held each year for a period
of years under an event support contract, the incremental increase
in tax receipts shall be calculated as if the event did not occur
in the prior year.
(b) The requirements of subsections (a)(2) of this
section do not apply to an event as described by Texas Revised Civil
Statutes, Article 5190.14, Section 5A(a-2).
(c) An Applicant cannot receive disbursements for the
same event under both the Major Events Reimbursement Program and the
Events Trust Fund Program. Nothing contained herein prohibits the
submission of an application for the Events Trust Fund Program for
events that are ineligible as a matter of law to participate in the
Major Events Reimbursement Program.
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