Section 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.Tex. Occ. Code § 2026.006
Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 963,Sec. 1.01, eff. 4/1/2019.