Texas HB3259 allows municipalities and counties with populations under 400,000 to opt out of event reimbursement programs and receive hotel occupancy.
Texas HB3259 amends the Texas Government Code to allow municipalities and counties with populations of 400,000 or less to elect not to participate in the major events reimbursement program and the events trust fund. If a municipality or county makes this election, it cannot participate as an endorsing municipality or county and is ineligible for disbursements from the fund for four years. The bill also allocates a portion of state hotel occupancy tax revenue to eligible municipalities and counties for economic development in rural areas.
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