Texas § OC.2051.352 - RECORDKEEPING REQUIREMENT

§ OC.2051.352. RECORDKEEPING REQUIREMENT

RECORDKEEPING REQUIREMENT. (a) An athlete agent shall maintain a record of: (1) each athlete represented by the athlete agent, including: (A) the name and address of the athlete; (B) fees paid by the athlete; and (C) services performed by the athlete agent for the athlete; (2) travel and entertainment expenses incurred by the athlete agent, including expenses for: (A) food and beverages; (B) hospitality rooms; (C) sporting events; (D) theater and music events; and (E) transportation, lodging, and admission relating to entertainment; (3) any agent contract entered into by the athlete agent; and (4) any direct costs incurred by the athlete agent in recruiting or soliciting an athlete to enter into an agent contract. (b) A record of travel and entertainment expenses maintained under Subsection (a)(2) must state: (1) the nature of the expense; (2) the amount of the expense; (3) the purpose of the expense; (4) the date and place of the expense; and (5) the name of each person on whose behalf the expenditure was made. (c) An athlete agent shall provide a copy of a record maintained under this section to the secretary of state on request. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2003, 78th Leg., ch. 821, Sec. 11, eff. Sept. 1, 2003.