Relating to the authority of certain municipalities to receive and pledge for the payment of obligations certain additional tax revenue derived from a hotel and convention center project.

HB 3500 amends Texas Tax Code Section 351.157(b) to expand the authority of specific Texas municipalities to use additional tax revenue from hotel and convention center projects. The bill directly affects 19 designated cities (listed by Tax Code sections) that can now pledge this tax revenue to pay for bonds or loans related to such projects. Key provisions allow these municipalities to access new funding streams for development projects without requiring additional voter approval. The policy change streamlines how local governments finance convention facilities and hotel infrastructure through dedicated tax revenue. The bill is pending in committee as of April 14, 2025, and would take effect September 1, 2025, if not approved for immediate enactment.