Prerequisite For Execution of Games Support Contract

Sec. 475.0054. PREREQUISITE FOR EXECUTION OF GAMES SUPPORT CONTRACT. The office may agree to execute a games support contract only if: (1) the office determines that: (A) this state's assurances and obligations under the contract are reasonable; and (B) any financial commitment of this state will be satisfied exclusively by recourse to the Pan American Games trust fund or the Olympic Games trust fund, as applicable; and (2) the endorsing municipality or endorsing county has executed an agreement with a site selection organization that contains substantially similar terms. Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.