LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SB 404 SLS 24RS 778
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 22, 2024 9:10 AM Author: CONNICK
Dept./Agy.: Culture, Recreation, and Tourism
Subject: Major Events Incentive Program Analyst: Chris Henry
ECONOMIC DEVELOPMENT EN NO IMPACT See Note Page 1 of 1
Provides relative to the Major Events Incentive Program. (gov sig)
Proposed legislation modifies the Major Events Incentive Program by adding to the list of qualified major events that are
sanctioned as follows: 1) the international governing body of soccer, Fédération Internationale de Football Association
(FIFA); 2) the international governing body of Rugby, World Rugby; 3) the national body of soccer, U.S. Soccer; 4) the
national governing body of Rugby, USA Rugby; 5) USA Baseball; 6) USA Softball; and 7) the World Baseball Softball
Confederation. Provides examples of events including World Cups, International “Friendlies”, or tournaments consisting of
teams governed by the entities enumerated above.
Effective upon the governor's signature.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
There is no anticipated direct material effect on governmental expenditures as a result of this measure. Proposed legislation
expands the list of events that would qualify to participate in the Major Events Incentive Program. To the extent one of these
new events initiates a contract with a local organizing committee, the department could evaluate the event for grant funding
should it have a sufficient appropriation of funding to do so. Monies in the Major Events Incentive Fund, which supports the
program, typically originate from SGF transfers contained in an act of the the legislature.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Patrice Thomas
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Deputy Fiscal Officer


Statutes affected:
SB404 Original: 51:1260(C)(5)
SB404 Engrossed: 51:1260(C)(5)
SB404 Enrolled: 51:1260(C)(5)
SB404 Act 345: 51:1260(C)(5)