H.B. No. 5088 amends the Major Events Reimbursement Program and the Events Trust Fund by modifying the responsibilities of local organizing committees, endorsing municipalities, and endorsing counties regarding the economic impact studies of eligible events. Specifically, the bill replaces the term "office" with "local organizing committee, endorsing municipality, or endorsing county" in several instances, emphasizing their role in conducting and posting the results of the economic impact study on their websites. The study must be completed within ten months after the event and should include documentation on the measurable economic impact, tax receipts, and verification of compliance with established deadlines.

Additionally, the bill repeals Section 480.152 of the Government Code, which may streamline the process or remove outdated provisions related to the Events Trust Fund. The changes aim to enhance transparency and accountability in reporting the economic benefits of events funded through the program. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 478.0107 (Government Code 478)