1. (a) Additional funding for the Texas Moving Image Industry Incentive Program may be authorized under Appropriations Bill (House Bill 1).
2. (b) Projects that have applied and initially approved for participation in the program, after the initial funding source has been encumbered, will be notified that the funds for their project will be dependent on verification by the Comptroller of Public Accounts before submission of the financial plan to the Legislative Budget Board and the Office of the Governor.
3. (c) The Texas Film Commission will base additional requests for funding on applications received for the fiscal year that the payment of the award will be made. Once $10M of funds have been encumbered for a fiscal year, the Film Commission will present additional applications to the Comptroller of Public Accounts to determine that the requests have met the required criteria of fiscal responsibility. Once the value of the applicants' projects has been determined, the Comptroller of Public Accounts and the Film Commission will present the proposed allocation of funds to the Legislative Budget Board and the Office of the Governor for approval.

Source Note:The provisions of this §121.13 adopted to be effective March 10, 2008, 33 TexReg 2019.