The bill amends the Government Code to include the INDYCAR Grand Prix of Arlington as an eligible event for funding under the major events reimbursement program. Specifically, it adds the INDYCAR Grand Prix of Arlington to the definition of "Event" in Section 478.0001, alongside other major events such as the Super Bowl and the Formula One United States Grand Prix. Additionally, it introduces a new provision in Section 478.0051 that allows this event to receive funding if a site selection organization designates a site in Texas as the sole location for the event, without considering other sites through a competitive process.

Furthermore, the bill also adds Penske Entertainment to the list of "Site selection organizations" that can be involved in the selection process for major events. This inclusion aims to facilitate the organization and funding of the INDYCAR Grand Prix of Arlington, thereby promoting economic activity and tourism in Texas. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 478.0001 (Government Code 478)
House Committee Report: Government Code 478.0001, Government Code 478.0051 (Government Code 478)