The purposes of this subtitle are to:
(1) provide assurances required by a site selection organization sponsoring a game or event; and
(2) provide financing for the costs of:
(A) applying or bidding for selection as the site of a game or event in this state;
(B) making preparations necessary and desirable for conducting a game or event in this state, including costs of the construction or renovation of facilities to the extent authorized by this subtitle; and
(C) conducting a game or event in this state.