Tex. Government Code § 480.0203
REDUCTION OF DISBURSEMENT AMOUNT
Texas · Texas Government Code · Status: effective
Cite this
- Citation
- Tex. Government Code § 480.0203, REDUCTION OF DISBURSEMENT AMOUNT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/654768
- Permanent ID
ys:prov:654768@1- SHA-256
387396d76e02516add10be6c0bdaee3684a8f286208ec2bdd891982c7e0ead1d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) After the conclusion of an event, the office shall compare information on the actual attendance figures provided under Section 480.0251 with the estimated attendance numbers used to determine the incremental increase in tax receipts under Section 480.0102. If the actual attendance figures are significantly lower than the estimated attendance numbers, the office may reduce the amount of a disbursement from the events trust fund for an endorsing entity:
(1) in proportion to the discrepancy between the actual and estimated attendance; and
(2) in proportion to the amount the entity contributed to the fund.
(b) The office by rule shall:
(1) define "significantly lower" for purposes of this section; and
(2) provide the manner in which the office may proportionately reduce a disbursement.
(c) This section does not affect the remittance under Section 480.0207 of any money remaining in the events trust fund.