{"data":{"id":"us-tx/tex.-occupations-code-2026.003","jurisdiction":"us-tx","citation":"Tex. Occupations Code § 2026.003","heading":"FINANCIAL DISCLOSURE.","body":"(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:\n(1) contains the names and addresses of all stockholders, members, and owners of any interest in the racetrack;\n(2) indicates compliance during the filing period with Section 2025.101; and\n(3) includes any other information required by the commission.\n(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.\nAdded by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.","path":["OCCUPATIONS CODE","TITLE 13. SPORTS, AMUSEMENTS, AND ENTERTAINMENT","SUBTITLE A-1. TEXAS RACING ACT","CHAPTER 2026. RACETRACK OPERATION AND PREMISES","SUBCHAPTER A. REGULATION OF RACETRACK"],"source_url":"https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2026.htm#2026.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:31Z","sha256":"a494a2f7e9e197da9eebfa8631939775921561f397b4c868ff38aa8ecfafdd8d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-occupations-code-2026.002","next":"us-tx/tex.-occupations-code-2026.004"},"notice":"GroundRules: Original legal text. Not legal advice."}