The authority is funded primarily by taxes on hotel rooms and car rentals and by rent paid on the stadiums. The state law establishing the authority prohibits property taxes from being used for the "operation, maintenance, renovation, or repair" of any voter-approved stadium, including Reliant Stadium, Minute Maid Park and Toyota Center. The authority, a quasi-governmental entity whose unpaid board members are appointed by the city and county, was created to finance the stadiums, in part, so the city and county's credit ratings would not be at risk in the event of financial trouble. Schmees said neither the payment nor a default by the authority would affect the average citizen or sports fan.
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