S.B. No. 2004 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 chooses a site in Texas as the sole location for the event without considering other sites through a competitive process. This provision is set to expire on September 1, 2030.
The bill is set to take effect on September 1, 2025, following its passage in both the Senate and the House. The inclusion of the INDYCAR Grand Prix of Arlington aims to promote economic growth and tourism in Texas by supporting significant sporting events within the state.
Statutes affected: Introduced: Government Code 478.0001 (Government Code 478)
Senate Committee Report: Government Code 478.0001, Government Code 478.0051 (Government Code 478)
Engrossed: Government Code 478.0001, Government Code 478.0051 (Government Code 478)
House Committee Report: Government Code 478.0001, Government Code 478.0051 (Government Code 478)
Enrolled: Government Code 478.0001, Government Code 478.0051 (Government Code 478)