# 16 Tex. Admin. Code § 309.10: 16 TAC § 309.10. Notice and Curative Right of Debt Holders, DIVISION 1. GENERAL PROVISIONS

> Texas · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T16_P8_C309_S309_10

## Section

- **Citation:** 16 Tex. Admin. Code § 309.10
- **Heading:** 16 TAC § 309.10. Notice and Curative Right of Debt Holders, DIVISION 1. GENERAL PROVISIONS
- **Jurisdiction:** Texas
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Texas Administrative Code / Title 16 ECONOMIC REGULATION / Part 8 TEXAS RACING COMMISSION / Chapter 309 RACETRACK LICENSES AND OPERATIONS / 16 TAC § 309.10

## Text

(a) If the executive secretary initiates a disciplinary
 action proposing license suspension or revocation against an association
 which has debt outstanding regarding the racetrack premises and facilities,
 the executive secretary shall serve a copy of the notice of the proceedings
 on the debt holder if the executive secretary has been given written
 notice of:
(1) the existence of the debt; and
(2) the name and address of the person to whom notice
 under this section may be sent.
(b) Except as otherwise provided by this subsection,
 the executive secretary shall serve the notice required by this section
 at the same time that notice of the disciplinary action is given to
 the association. If the executive secretary takes summary disciplinary
 action against an association to protect the public health, safety,
 and welfare, the executive secretary shall serve the notice required
 by this section not later than three business days after the date
 the summary disciplinary action is taken.
(c) The executive secretary shall give the debt holder
 a reasonable opportunity to cure any violation by the association
 that is the subject of the disciplinary action that is capable of
 being cured consistent with the public interest. If the violation
 is cured, the executive secretary may not initiate disciplinary action
 against the association for that violation.
(d) A debt holder that is entitled to notice under
 this section may participate in a disciplinary action against the
 association.

## Nearby sections

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T16_P8_C309_S309_10. Check the current official text before relying on it. Not legal advice.