Texas Occupations Code 2025.103 – Issuance of Temporary License
Current as of: 2024 | Check for updates
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(a) After a racetrack association has been granted a license to operate a racetrack and before the completion of construction at the designated place for which the license was issued, the commission may, on application by the racetrack association, issue a temporary license that authorizes the racetrack association to conduct races at a location in the same county until the earlier of:
(1) the second anniversary of the date of issuance of the temporary license; or
(2) the completion of the permanent facility.
(b) An applicant for a temporary license must pay the application fees and post the bonds required of other license holders before the issuance of a temporary license.
Terms Used In Texas Occupations Code 2025.103
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) The commission may set conditions and standards for issuance of a temporary license and allocation of appropriate race days.
(d) The commission may not issue a new temporary license or an extension of a temporary license to a person or to an individual belonging to a corporation or association that has been granted a temporary license after the temporary license has expired.