Sec. 2026.003.  FINANCIAL DISCLOSURE.  (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:
(1)  contains the names and addresses of all stockholders, members, and owners of any interest in the racetrack;
(2)  indicates compliance during the filing period with Section 2025.101; and
(3)  includes any other information required by the commission.
(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. 
Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.