(a) Feature Films and Television Programs must select the Texas Spend Option or the Texas Wage Option for their projects when submitting an application to the program. The selected option may be changed after the application is submitted, but not after the formal grant agreement has been signed. Grant awards will be calculated as follows:
(1) Texas Spend Option--projects with total eligible in-state spending of:
- (A) At least $250,000 but less than $1 million will be eligible to receive a grant equal to 5% of eligible in-state spending.
- (B) At least $1 million but less than $5 million will be eligible to receive a grant equal to 10% of eligible in-state spending.
- (C) At least $5 million will be eligible to receive a grant equal to 15% of eligible in-state spending.
(2) Texas Wage Option--projects with total eligible in-state spending of:
- (A) At least $250,000 but less than $1 million will be eligible to receive a grant equal to 8% of eligible Wages paid to Texas Residents.
- (B) At least $1 million but less than $5 million will be eligible to receive a grant equal to 17% of eligible Wages paid to Texas Residents.
- (C) At least $5 million will be eligible to receive a grant equal to 25% of eligible Wages paid to Texas Residents.
(b) Digital Interactive Media Productions with total eligible in-state spending of:
- (1) At least $100,000 but less than $1 million will be eligible to receive a grant equal to 5% of eligible in-state spending.
- (2) At least $1 million but less than $5 million will be eligible to receive a grant equal to 10% of eligible in-state spending.
- (3) At least $5 million will be eligible to receive a grant equal to 15% of eligible in-state spending.
- (c) Reality Television Projects, Commercials and Educational or Instructional Videos are eligible to receive a grant equal to 5% of total eligible in-state spending.
Source Note:The provisions of this §121.6 adopted to be effective March 10, 2008, 33 TexReg 2019; amended to be effective November 22, 2009, 34 TexReg 8029; amended to be effective August 28, 2011, 36 TexReg 5201.