Bill > SB2004

This bill modifies the Texas Government Code to add the INDYCAR Grand Prix of Arlington to the list of events eligible for the major events reimbursement program, which provides funding for significant sporting and entertainment events. Specifically, the bill adds the INDYCAR Grand Prix of Arlington to two sections of the code: first, in the definition of "event" under Section 478.0001(3), and second, by adding Penske Entertainment (the event's organizing body) to the list of "site selection organizations" in Section 478.0001(7). Additionally, the bill creates a special provision allowing the INDYCAR Grand Prix of Arlington to receive funding through the program if it is selected as the sole site through a competitive process, with this provision set to expire on September 1, 2030. The bill represents a targeted effort to support and potentially attract this specific motorsport event to Texas, and it will take effect on September 1, 2025.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB2004