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Relating to the eligibility of the Conacaf Gold Cup for funding under the Major Events Reimbursement Program.
The fiscal implications of the bill cannot be determined at this time due to the unavailability of data related to
the proposed major event, including market area, venue size, and attendees.
HB 1472 would allow the Confederation of North, Central America and Caribbean Association Football (Concacaf) Gold Cup event to receive funding from the Major Events Reimbursement Program.
Texas Action is opposed to HB 1472 because it violates limited government and free market principles. This bill would add another event to the reimbursement program, through which it may receive public funds to subsidize events. A more limited government approach would be to eliminate the fund altogether and increase economic prosperity through lower spending and taxes, and less regulation.
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