(a) An event is eligible for participation in the Major Events Reimbursement Program only if:
(1) the event and the site selection organization for the event are identified in Texas Revised Civil Statutes, Article 5190.14, Sections 5A(a)(4) and (5);
(2) a site selection organization selects a site in Texas through a highly competitive process after considering one or more sites that are not located in this state, for the event to be held one time or, for an event scheduled to be held each year for a period of years under an event support contract, one time each year for the period of years;
(3) a site selection organization selects a site in this state as:
(4) the event will not be held more than one time in any year; and
(5) the Office determines that the incremental increase in tax receipts equals or exceeds $1 million per year for the event, provided that for an event scheduled to be held each year for a period of years under an event support contract, the incremental increase in tax receipts shall be calculated as if the event did not occur in the prior year.
(b) The requirements of subsections (a)(2) of this section do not apply to an event as described by Texas Revised Civil Statutes, Article 5190.14, Section 5A(a-2).
(c) An Applicant cannot receive disbursements for the same event under both the Major Events Reimbursement Program and the Events Trust Fund Program. Nothing contained herein prohibits the submission of an application for the Events Trust Fund Program for events that are ineligible as a matter of law to participate in the Major Events Reimbursement Program.
Source Note: The provisions of this §184.11 adopted to be effective January 1, 2017, 41 TexReg 10263