(a) A county shall maintain a record that accurately identifies the receipt and expenditure of all revenue derived from the tax imposed under this chapter.
(b) A county or entity that spends revenue derived from the tax imposed under this chapter shall, before making an expenditure, specify in a list each scheduled activity or event that:
(1) is directly funded by the tax or is offered by an entity that has its administrative costs funded wholly or partly by the tax; and
(2) directly promotes tourism and hotel and convention activity.

(b-1) A county authorized by § 352.002(a-1) to impose a tax under this chapter shall produce an annual report that describes the tourism, hotel, and convention activity that is attributable to events held at facilities that received funding from the tax during the period covered by the report.
(c) If the commissioners court of a county delegates to another entity the management or supervision of an activity or event funded by the tax imposed under this chapter, each entity that is ultimately funded by the tax shall, before making an expenditure, specify in a list each scheduled activity or event that:
(1) is directly funded by the tax or is offered by an entity that has its administrative costs funded wholly or partly by the tax; and
(2) directly promotes tourism and hotel and convention activity.
(d) Subsections (b) and (c) do not prevent the county or funded entity from subsequently adding an activity or event to the list required by those subsections if the activity or event directly promotes tourism and hotel and convention activity.
(e) This section does not prevent a county or funded entity from setting aside tax revenue in a designated reserve fund for use in supporting planned activities, future events, and facility improvements that directly promote tourism and hotel and convention activity.
(f) For the purposes of this section, all expenditures for a sports and community venue project and related infrastructure, as those terms are defined by § 334.001, Local Government Code, are a single scheduled activity or event.