(a) The commission shall require each applicant for an original racetrack license to submit an application, on a form prescribed by the commission, containing the following information:
(1) if the applicant is an individual:
(A) the individual’s full name;
(B) the individual’s date of birth;
(C) the individual’s physical description;
(D) the individual’s current address and telephone number; and
(E) a statement by the individual disclosing any arrest or conviction for a felony or for a misdemeanor, except a misdemeanor under Subtitle C, Title 7, Transportation Code, or a similar misdemeanor traffic offense;
(2) if the applicant is a corporation:
(A) the state of incorporation;
(B) the names and addresses of the corporation’s agents for service of process in this state;
(C) the name and address of each officer and director of the corporation;
(D) the name and address of each stockholder of the corporation;
(E) for each individual named under this subdivision, the information required by Subdivision (1); and
(F) identification of:
(i) any other beneficial owner of a share in the applicant that has absolute or contingent voting rights;
(ii) any other person who directly or indirectly exercises any participation in the applicant; and
(iii) any other ownership interest in the applicant that the applicant making its best effort is able to identify;
(3) if the applicant is an unincorporated business association:
(A) the name and address of each member of the association and, for each individual named under this subdivision, the information required by Subdivision (1); and
(B) identification of:
(i) any other person who exercises voting rights in the applicant or directly or indirectly exercises any participation in the applicant; and
(ii) any other ownership interest in the applicant that the applicant making its best effort is able to identify;
(4) the exact location at which a race meeting is to be conducted;
(5) if the racetrack is in existence, whether it is owned by the applicant and, if leased to the applicant:
(A) the name and address of the owner; and
(B) if the owner is a corporation or unincorporated business association, the name and address of each officer and director, any stockholder or member, and each agent for service of process in this state;
(6) if construction of the racetrack has not been initiated, whether it is to be owned by the applicant and, if it is to be leased to the applicant:
(A) the name and address of the prospective owner; and
(B) if the owner is a corporation or unincorporated business association, the information required by Subdivision (5)(B);
(7) identification of:
(A) any other beneficial owner of a share that has absolute or contingent voting rights in the owner or prospective owner of the racetrack;
(B) any other person that directly or indirectly exercises any participation in the owner or prospective owner; and
(C) all other ownership interest in the owner or prospective owner that the applicant making its best effort is able to identify;
(8) a detailed statement of the applicant’s assets and liabilities;
(9) the type of racing to be conducted and the dates requested;
(10) proof of residency as required by § 2025.201; and
(11) any other information required by the commission.
(b) An application must be sworn to:
(1) by the applicant; or
(2) if the applicant is a corporation or association, by its chief executive officer.

(c) If the applicant is a nonprofit corporation, only directors and officers of the corporation must disclose the information required under Subsection (a)(2).