House Bill No. 3349 proposes significant changes to the events trust fund in Texas, including the abolition of the Pan American Games trust fund, Olympic Games trust fund, and motor sports racing trust fund. The bill amends various sections of the Government Code to redefine terms related to event funding, such as "endorsing county," "endorsing municipality," and "event." It also establishes new eligibility criteria for events seeking funding, including a requirement for site selection organizations to consider sites outside Texas unless certain population thresholds are met. Additionally, the bill introduces a new timeline for municipalities and counties to submit funding requests and mandates that local organizing committees provide regular compliance certifications and financial reports.

Key amendments include the removal of outdated references to the abolished trust funds and the introduction of a new funding multiplier based on the population of the hosting municipality or county. The bill also clarifies the process for remitting remaining funds after an event and allows municipalities to guarantee their obligations through surcharges from user fees. Overall, the legislation aims to streamline the funding process for events while ensuring accountability and compliance with ethical guidelines. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 475.0001, Government Code 475.0051, Government Code 475.0054, Government Code 475.0103, Government Code 480.0051, Government Code 480.00515, Government Code 480.0052, Government Code 480.0103, Government Code 480.0105, Government Code 480.0155, Government Code 480.0207, Government Code 480.0251, Tax Code 26.041 (Tax Code 26, Government Code 480, Government Code 475)
House Committee Report: Government Code 475.0001, Government Code 475.0051, Government Code 475.0054, Government Code 475.0103, Government Code 480.0051, Government Code 480.00515, Government Code 480.0052, Government Code 480.0103, Government Code 480.0105, Government Code 480.0153, Government Code 480.0155, Government Code 480.0202, Government Code 480.0207, Government Code 480.0251, Government Code 480.0253, Tax Code 26.041 (Tax Code 26, Government Code 480, Government Code 475)
Engrossed: Government Code 475.0001, Government Code 475.0051, Government Code 475.0054, Government Code 475.0103, Government Code 480.0051, Government Code 480.00515, Government Code 480.0052, Government Code 480.0103, Government Code 480.0105, Government Code 480.0153, Government Code 480.0155, Government Code 480.0202, Government Code 480.0207, Government Code 480.0251, Government Code 480.0253, Tax Code 26.041 (Tax Code 26, Government Code 480, Government Code 475)