Sports, Racing, and Athletics

Establishment and Extension of Gambling Activities and Other Facilities

SECTION 41-9-2

§ 41-9-2. Financial disclosure by promoter.

(a) By the first Monday in August prior to the general election at which the question of the establishment or extension of any gambling activity or facility is presented to the electorate, all persons and/or corporations promoting or having an interest of five percent (5%) or greater in the activity or facility shall file with the ethics commission the financial statement provided by the commission which shall conform with the requirements of § 36-14-16. If the person and/or corporation acquire an interest of five percent (5%) or greater after the first Monday in August, that person and/or corporation shall file the financial statement within seven (7) days after acquiring such interest.

(b) The duty to file the financial statement shall be a continuing duty and shall be required of any and all persons and/or corporations who have or will have an interest of five percent (5%) or greater in an activity and/or facility.

History of Section.
(P.L. 1981, ch. 233, § 4; P.L. 1998, ch. 419, § 1.)