16 TAC § 309.5. Restrictions on Licensing, DIVISION 1. GENERAL PROVISIONS
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Texas Administrative Code › Title 16 ECONOMIC REGULATION › Part 8 TEXAS RACING COMMISSION › Chapter 309 RACETRACK LICENSES AND OPERATIONS › 16 TAC § 309.5
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(a) Lease. If an applicant for a license to operate a racetrack intends to lease the racetrack facility from another person, the Commission may not grant the license if the Commission determines that:
(1) the lessor would not be qualified to be issued a license; or
(2) the lease is a subterfuge to avoid compliance with the Act or a rule of the Commission.
(b) Reasonable Diligence Required. If the Commission determines that an association is failing to exercise reasonable diligence in preparing a racetrack to begin racing on the date approved by the Commission, the Commission may revoke the license and grant the license to another applicant.
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