Tex. Occ. Code Section 2028.002
Independent Audit Report; Records Review

(a)

An organization that receives funds generated by live or simulcast pari-mutuel racing shall annually file with the commission a copy of an audit report prepared by an independent certified public accountant. The audit must include a verification of any performance report sent to or required by the commission.

(b)

The commission may review any record or book of an organization that submits an independent audit to the commission as the commission determines necessary to confirm or further investigate the findings of an audit or report.

Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.

Source: Section 2028.002 — Independent Audit Report; Records Review, https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2028.htm#2028.002 (accessed May 26, 2025).

2028.001
Adoption of Requirements or Other Performance Measures 2028.002
Independent Audit Report 2028.003
Suspension and Withholding of Funds 2028.051
Set-aside from Live Pari-mutuel Pool 2028.101
Deductions from Horse Pari-mutuel Pools 2028.102
Horse Racetrack Association Set-asides for Purses 2028.103
Set-aside for Texas-bred Program 2028.104
Racetrack Association Commission 2028.105
Allocation of Breakage 2028.106
Limitation on Purse Deduction 2028.107
Limitation on Incentives Awarded to Certain Horses 2028.151
Application of Subchapter 2028.152
Distribution of Pari-mutuel Pool 2028.153
State Fee 2028.154
Breakage 2028.155
Allocation of Purse in Greyhound Races 2028.201
Rules 2028.202
Required Distributions 2028.203
Reimbursement for Simulcast Signal Cost 2028.204
Allocation of Money in Escrow Accounts 2028.205
Additional Allocations for Certain Racetracks 2028.206
Host Fee 2028.251
Admission Fees Authorized 2028.252
Additional Fees for Certain Counties 2028.253
Procedures for Fee Collection 2028.254
Other Fees and Taxes Prohibited 2028.301
Texas-bred Incentive Fund 2028.2041
Allocation of Certain Funds

Verified:
May 26, 2025

§ 2028.002. Indep. Audit Report; Records Review's source at texas.gov

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Location: https://texas.public.law/statutes/tex._occ._code_section_2028.002

Original Source: Section 2028.002 — Independent Audit Report; Records Review, https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2028.htm#2028.002 (last accessed May 10, 2025).