(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.
Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.