Section 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.Tex. Occ. Code § 2026.003
Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 963,Sec. 1.01, eff. 4/1/2019.