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, allowing 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," which is relevant for the selection process of events eligible for funding. The changes aim to promote the INDYCAR Grand Prix of Arlington and enhance its potential economic impact on the state. 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)