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Meetings Act. In addition, the bill provides that notice of an emergency meeting or supplemental notice of an emergency item added to the agenda to address the emergency must be given to members ofthe news media not later than one hour before the meeting. Other Bills H.B. 1 - State Budeet / Parks: this is the state budget bill. Of interest to cities, local parks grant funding will be affected as follows: (1) the allocation of sporting goods sales tax revenue to the local parks grant account will increase from $5.2 million per year to $15.5 million per year; (2) total general fund revenue to the local parks grant account will increase from $0.8 million for the biennium to $16.7 million; and (3) $16.7 million oflocal parks grant funding will be "earmarked" for eighteen specific local park projects. (Total funding will increase from $11.3 million to $47.658 million per biennium.) H.B. 11- Alcohol and Tobacco Taxes: improves the state's procedures relating to the filing of alcohol and tobacco sales reports with the state comptroller, and is estimated to generate roughly $5 million in municipal revenue statewide in fiscal year 2008 and $17 annually by fiscal year 2012. H.B. 730 - Certificates of Oblieation: extends from 14 to 30 days the required time period between the first newspaper notice of a city's intention to issue certificates of obligation and the meeting date at which the city council authorizes their issuance. H.B. 1268 - Attorney's Fees: provides that a governmental contract for general construction, an improvement, a service, a public works project, or a purchase of supplies, materials, or equipment may not provide for the award of attorney's fees to the governmental entity in a dispute unless the contract provides for the award of attorney's fees to each other party to the contract. H.B. 1456 - Annual Financial Statement: extends from 120 days to 180 days the time period, following the last day of a fiscal year, for a city to file the annual financial statement for the fiscal year with the city secretal1:" H.B.. 1560 - Liabilitv: expands the definition of recreation to include "paint ball use," and provides that a city must post a sign containing specific language on any premises that a city owns, operates, or maintains on which certain recreational activities are conducted. >feH.B. 2365 - Postemplovment Benefits/GASB 45: provides that: (1) a city's accounting and financial reporting system must be consistent with state law and may not misrepresent financial activities; (2) a city may follow the "statutory modified accrual basis" method of financial accounting; (3) any generally accepted accounting principles that require reporting of postemployment benefits in any method other than "pay as you go" do not have to be used by Texas or its political subdivisions; and (4) "other postemployment benefits" must be disclosed in a city's annual financial statement in the detailed manner laid out in. the bill. (Note: finance officers and auditors should carefully review this bill. It will take effect immediately when it is signed by the governor.) H.B. 2438 - Hotel Occupancy Taxes: authorizes a city to use hotel occupancy tax revenue to own or finance a transportation system that transports tourists from hotels to the commercial center of the city, a convention center, other hotels, or tourist attractions in the city. This bill also 12