Texas § GV.479.0153 - ALLOWABLE EXPENSES
Full text of Texas The Texas Constitution § GV.479.0153 — ALLOWABLE EXPENSES, with citation guidance and answers to common questions.
§ GV.479.0153. ALLOWABLE EXPENSES
ALLOWABLE EXPENSES. (a) Money in the trust fund may be used to: (1) pay the principal of and interest on notes issued under Section 479.0202 ; and (2) fulfill obligations of an endorsing municipality, an endorsing county, or this state to a site selection organization under a motor sports racing event support contract or event support contract. (b) The obligations described by Subsection (a)(2) may include the payment of: (1) the costs relating to the preparations necessary or desirable for conducting the motor sports racing event; and (2) the costs of conducting the racing event, including costs of a temporary improvement or temporary renovation to an existing facility specific to the racing event. Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174 ), Sec. 1.01, eff. April 1, 2021.
Frequently Asked Questions About Texas § GV.479.0153
What does The Texas Constitution § GV.479.0153 cover?
Section GV.479.0153 ("ALLOWABLE EXPENSES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.479.0153?
A common citation format is "The Texas Constitution § GV.479.0153" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.479.0153 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.