Sec. 480.0204. ALLOWABLE EXPENSES. (a) Money in the events trust fund may be used to: (1) pay the principal of and interest on notes issued under Section 480.0252 ; and (2) fulfill obligations of an endorsing municipality, an endorsing county, or this state to a site selection organization under an event support contract. (b) Subject to Sections 480.0202 and 480.0205 , the obligations described by Subsection (a)(2) may include the payment of: (1) the costs relating to the preparations necessary for conducting the event; and (2) the costs of conducting the event, including costs of an improvement or renovation to an existing facility and costs of acquisition or construction of a new facility or other facility.
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