Tex. Occ. Code 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 (License Eligibility Requirements and Limitations) or 2025.201 (Grounds for Denial, Revocation, or Suspension of Racetrack License);

(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 (Application)(a)(1). The commission may not approve a lease if the lessor and lessee do not provide the required information.
Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.

Source: Section 2026.006 — Lease of Racetrack Premises, https://statutes.­capitol.­texas.­gov/Docs/OC/htm/OC.­2026.­htm#2026.­006 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 2026.006’s source at texas​.gov