The bill, S.B. No. 2004, proposes 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) by inserting a new designation (M-1). This inclusion aims to enhance the state's support for significant sporting events and promote economic activity associated with such events.

Additionally, the bill introduces Penske Entertainment as a new "site selection organization" in Section 478.0001(7) by inserting a new designation (-1). This change acknowledges the role of Penske Entertainment in organizing major events, thereby expanding the network of organizations eligible for collaboration under the reimbursement program. The bill is set to take effect on September 1, 2025, should it be enacted.

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