TX HB5016

Amends Section 334.1015(a) of the Local Government Code to expand exceptions for venue project financing using short-term motor vehicle rental taxes

Creates a new category of qualifying venue projects: parks that are 200 acres or greater, designated as national historic landmarks, and located in municipalities with populations between 1.3 million and 1.4 million (targeting Dallas)

Preserves the validity of existing bonds, contractual obligations, and other obligations where revenue was pledged or committed under the current law before the act's effective date

Takes effect immediately upon receiving a two-thirds vote in both legislative chambers, otherwise becomes effective September 1, 2025