Texas § 2026.003 FINANCIAL DISCLOSURE.

Texas Statutes

§ 2026.003 — FINANCIAL DISCLOSURE.

Texas § 2026.003

Code OCOccupations Code

This text of Texas § 2026.003 (FINANCIAL DISCLOSURE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Occupations Code Code Ann. § 2026.003 (2026).

Text

Sec. 2026.003. FINANCIAL DISCLOSURE.

(a)The commission by rule shall require that each racetrack association that holds a license for a class 1 racetrack, class 2 racetrack, or greyhound racetrack annually file with the commission a detailed financial statement that:

(1)contains the names and addresses of all stockholders, members, and owners of any interest in the racetrack;

(2)indicates compliance during the filing period with Section 2025.101 ; and

(3)includes any other information required by the commission.

(b)Each transaction that involves an acquisition or a transfer of a pecuniary interest in the racetrack association must receive prior approval from the commission. A transaction that changes the ownership of the racetrack association requires submission of updated information

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Sec. 2026.003. FINANCIAL DISCLOSURE. (a) The commission by rule shall require that each racetrack association that holds a license for a class 1 racetrack, class 2 racetrack, or greyhound racetrack annually file with the commission a detailed financial statement that:
(1) contains the names and addresses of all stockholders, members, and owners of any interest in the racetrack;
(2) indicates compliance during the filing period with Section 2025.101 ; and
(3) includes any other information required by the commission.
(b) Each transaction that involves an acquisition or a transfer of a pecuniary interest in the racetrack association must receive prior approval from the commission. A transaction that changes the ownership of the racetrack association requires submission of updated information of the type required to be disclosed under Section 2025.052 and payment of a fee to recover the costs of the criminal background check.