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

SB 1517 allows specific qualifying municipalities to receive and pledge hotel and convention center tax revenue to pay for project-related debts. It applies only to cities meeting strict population or geographic criteria (e.g., cities with populations over 95,000 located near Lake Lewisville or containing specific landmarks like the American Quarter Horse Hall of Fame). The bill amends Texas Tax Code Section 351.152 to expand which cities can use these tax streams for project financing. It does not create new taxes but modifies existing authority for eligible jurisdictions. This is a technical policy change affecting only designated municipalities.