Bill > HB5016

This bill modifies the Local Government Code to expand the types of venue projects that can be financed using a short-term motor vehicle rental tax. Specifically, the bill amends an existing provision to allow financing for two additional types of venue projects: (1) areas or facilities that are part of a municipal parks and recreation system, and (2) parks that meet specific criteria, including being at least 200 acres in size, designated as a national historic landmark, and located in a municipality with a population between 1.3 and 1.4 million residents. The bill includes a provision ensuring that any existing bonds or contractual obligations made before the bill's effective date remain valid under the previous law. The act will take effect immediately if it receives a two-thirds vote in both legislative houses, or on September 1, 2025, if it does not receive the required immediate-effect voting threshold. This change appears to provide more flexibility for municipalities in financing certain park and recreation projects through motor vehicle rental tax revenues.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5016