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.

SB 2486 allows specific Texas municipalities (designated in the law) to use additional tax revenue from hotel and convention center projects to back bonds or other debts. The bill amends the Tax Code to expand which cities can pledge this revenue for paying obligations related to such projects. It directly affects 19 types of municipalities listed in the law, including cities with convention centers or specific development projects. The key change is enabling these cities to secure financing for projects using dedicated hotel tax revenue, rather than general funds. This is a technical tax code amendment with no new spending or broad policy changes.