The bill, H.B. No. 3962, seeks to amend the Government Code to include the INDYCAR Grand Prix of Arlington as an eligible event for funding under the major events reimbursement program in Texas. Specifically, it adds the INDYCAR Grand Prix of Arlington to the list of recognized events in Section 478.0001(3) of the Government Code, which outlines various significant events eligible for funding. This addition is marked as (M-1) the INDYCAR Grand Prix of Arlington;. Additionally, the bill introduces ( -1) Penske Entertainment; as a new site selection organization in Section 478.0001(7). This inclusion expands the list of organizations recognized for their role in selecting sites for major events, thereby enhancing the potential for collaboration and support for events like the INDYCAR Grand Prix. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 478.0001 (Government Code 478)