Texas § 2026.006 LEASE OF RACETRACK PREMISES.

Texas Statutes

§ 2026.006 — LEASE OF RACETRACK PREMISES.

Texas § 2026.006

Code OCOccupations Code

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Bluebook

Tex. Occupations Code Code Ann. § 2026.006 (2026).

Text

Sec. 2026.006. LEASE OF RACETRACK PREMISES.

(a)The commission by rule may authorize a racetrack association, as lessee, to contract for the lease of a racetrack and the surrounding structures.

(b)The commission may not approve a lease if:

(1)the lease appears to be a subterfuge to evade compliance with Section 2025.101 or 2025.201 ;

(2)the racetrack and surrounding structures do not conform to the rules adopted under this subtitle; or

(3)the lessee, prospective lessee, or lessor is disqualified from holding a racetrack license.

(c)Each lessor and lessee under this section must comply with the disclosure requirements of Section 2025.052 (a)(1). The commission may not approve a lease if the lessor and lessee do not provide the required information.

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Sec. 2026.006. LEASE OF RACETRACK PREMISES. (a) The commission by rule may authorize a racetrack association, as lessee, to contract for the lease of a racetrack and the surrounding structures.
(b) The commission may not approve a lease if:
(1) the lease appears to be a subterfuge to evade compliance with Section 2025.101 or 2025.201 ;
(2) the racetrack and surrounding structures do not conform to the rules adopted under this subtitle; or
(3) the lessee, prospective lessee, or lessor is disqualified from holding a racetrack license.
(c) Each lessor and lessee under this section must comply with the disclosure requirements of Section 2025.052 (a)(1). The commission may not approve a lease if the lessor and lessee do not provide the required information.