Examples of Venue Project in a sentence
Alternative Tax Initiatives for Local DevelopmentCity/County Venue Project TaxChapters 334 and 335 of the Local Government Code provide cities and counties the authority to finance a wide array of economic development projects called sports and community venue projects (“venue projects”).
Required Withdrawal from a Transit Authority To Adopt a Venue Project Sales TaxIf the enactment or increase of a Chapter 334 sales tax would cause the combined local sales tax rate to exceed two percent and the taxing authority whose sales tax would have to be reduced is a transit authority, the city or county imposing the tax must withdraw from the transit authority.
Increasing the Venue Project Sales TaxA sales tax that was adopted under Chapter 334 to benefit a venue project may be increased if the increase is approved at an election.265 If there is an election to approve an increase in the sales tax to fund a venue project, the ballot wording must permit voting for or against the following proposition:266 The adoption of a sales and use tax for the purpose of financing (insert description of venue project) at the rate of (insert rate) of one percent.
Chapter 2267 of the Government Code does not apply to an approved venue project.500 Establishing the Venue Project FundA venue district must establish, by resolution, a “venue project fund.”501 The fund must have a separate account for each of the various revenue sources for the venue project.
Voters need not approve sale or lease of a public square or municipal park related to an approved venue project.422 Establishing the Venue Project FundA city or county must establish, by resolution, a “venue project fund.”423 The fund must have a separate account for each of the various revenue sources for the venue project.
Applicants are therefore required to provide full name (i.e. Project Type 1 – Name of Venue, Project Type 2 – Company Name & Project Type 3- Training Centre Name) and address of location in which it will be conducting the RPL activity.
The Venue Project Fund shall be divided into such separate and distinct accounts as may be required to identify the specific sources and amounts of funds on deposit therein at all times.
Under the Lease Agreement, the City, as Sublessee under the Sublease, is obligated to pay to the Corporation or its assigns, but solely from the Venue Project Fund, Lease Payments for the Sublease of the Project.
Payment of Venue Project Costs with the proceeds of the Bonds will be pursuant to the provisions of the Bond Ordinance.
Upon the expiration or earlier termination of this Lease or the removal of the Company as the tenant hereunder, the funds in the Maintenance and Operations Reserve will be retained by the City in the Venue Project Fund as a restricted account that shall be used pursuant to the terms of a New Lease pursuant to Section 13(d).