Texas Event Trust Funds

Resources
ETF/METF Request Documents
- Download our new worksheet to establish an Event Trust Fund (PDF)
- Affidavit #1 (PDF)
  (to be signed by each endorsing City, County, and/or LOC)
- Affidavit #2 (PDF)
  (to be signed by every party providing economic data to support the request)
- Certification (PDF)
  (Submit with Reimbursement)
Questions?
If you have any questions regarding these programs, please contact the Comptroller’s Economic Development and Analysis Division by email at event.trust.funds@cpa.state.tx.us or by phone at 1-800-531-5441, ext. 3-4679.

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Major Events Trust Fund

Basketball headed for hoop The Major Events Trust Fund applies local and state gains from sales and use, auto rental, hotel and alcoholic beverage taxes generated over a 12-month period from certain major sporting championships or events to pay costs incurred from hosting the event.

Large and well-attended events have previously been funded, including the 2004 Super Bowl and the NCAA’s 2004 and 2008 Men’s Final Four basketball championships.

The trust fund can be used to pay costs related to preparing for or conducting the event, including equipment, or to pay principal and interest on notes used to build or improve facilities. One hundred percent of allowable expenses can be funded provided sufficient tax receipts are deposited in the trust fund.

Statute	Vernon’s Texas Civil Statutes, Article 5190.14 Sec 5A
Eligible Events	Academy of Country Music Awards National Cutting Horse Association Triple Crown Super Bowl NCAA Final Four tournament game National Basketball Association All Star Game National Hockey League All Star Game Major League Baseball All Star Game NCAA Bowl Championship Series Game World Cup Soccer Game World Games A national political convention of the Republican National Committee or the Democratic National Committee A national collegiate championship of an amateur sport sanctioned by a national governing body recognized by the U.S. Olympic Committee An Olympic activity, including a Junior or Senior activity, training program or feeder program sanctioned by the U.S. Olympic Committee’s Community Olympic Development Program Breeders’ Cup World Championships Formula One automobile races
Population Requirements	No City or County size limitations
Taxes Eligible for Reimbursement	General Sales and Use (Tax Code, Ch.151) Motor Vehicle Rental (Tax Code, Ch.152) Hotel Tax (Tax Code, Ch.156) Mixed Beverage (Tax Code, Ch.183) Title 5 Alcoholic Bev. Code
State Review/Approval	Comptroller works with the applicant (city or county) to establish the amount of incremental tax gains resulting from the event – which is the basis of expense reimbursement.
Economic Impact “Window”	One Year
Application Deadline	Not earlier than one year and not later than 3 months before the event View the Request worksheet (PDF)
Reimbursement Allowed	100% of allowable expenses Limited by fund deposits
Allowable Expenses	Principal and interest on notes issued by an endorsing municipality or county that are used to improve, construct, renovate, or acquire facilities or to acquire equipment for the event. Payment of costs relating to the preparations necessary or desirable for the conduct of the event and the payment of costs of conducting the event, including improvements or renovations to facilities.
Specific Use Limitations	Cannot be used to solicit relocation of a professional sports franchise already located in Texas.