The Event Trust Funds program consists of three funds: the Events Trust Fund, Major Events Reimbursement Program, and Motor Sports Racing Trust Fund. These funds help Texas communities cover costs related to hosting events by using projected tax gains to create event-specific trust funds.
Who Can Apply?
Municipalities, counties, or non-profit local organizing committees endorsed by a Texas municipality or county that were selected to host an event through a competitive process.
Type of Incentive:
Event-specific trust funds, where both the state and the applicant contribute. The state's contribution is based on the projected tax increase generated by the event. Applicants must contribute $1 for every $6.25 the state contributes. Reimbursements are made after the event, based on approved expenses.
Eligibility:
Eligibility varies by fund type. Applicants should refer to the ETF Guidelines for specific details.
Application Process:
Applications are accepted on a rolling basis, but some events have specific deadlines. Review the Guidelines and submit a complete application during the designated window to be considered.