Sec. 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.
Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.
Structure Texas Statutes
Title 13 - Sports, Amusements, and Entertainment
Subtitle A-1 - Texas Racing Act
Chapter 2026 - Racetrack Operation and Premises
Subchapter A. Regulation of Racetrack
Section 2026.001. Planning, Construction, and Operation Rules
Section 2026.002. Prevention of Subterfuge in Racetrack Ownership or Operation
Section 2026.003. Financial Disclosure
Section 2026.004. Racing Location
Section 2026.005. Change of Racing Location
Section 2026.006. Lease of Racetrack Premises
Section 2026.007. Inappropriate or Unsafe Conditions; Enforcement; Rules
Section 2026.008. Supervision of Construction, Renovation, and Maintenance; Enforcement
Section 2026.009. Racetrack Security
Section 2026.011. Automobile Racing Facility Prohibited Near Racetrack in Certain Counties