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Committee hears primer on Event Trust Funds, considers adding NRA and Arlington Grand Prix to reimbursement program
Summary
The committee received a primer from the Governor’s Office on the Events Trust Fund and the Major Event Reimbursement Program, and heard bills to include the National Rifle Association’s annual meeting and the Arlington Grand Prix in the reimbursement program.
The committee received a primer from the Governor’s Office on the Events Trust Fund and the Major Event Reimbursement Program (MERP), then heard two bills seeking to add specific events to the program.
Adrianna Cruz, executive director of the Texas Economic Development and Tourism Office, summarized the programs and said applications are competitive and evaluated against projected incremental tax gains (sales, hotel occupancy, vehicle rental and mixed-beverage taxes). For the Major Event Reimbursement Program, Cruz said an event must show at least…
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