(1) A promoter shall, at least seventy-two (72) hours before a professional contest of unarmed combat, file with the commission's executive director a copy of all contracts entered into for the sale, lease or other exploitation of broadcasting, television and motion picture rights for the professional contest.
(2) The promoter shall keep detailed records of the accounts and other documents related to the promoter's receipts from the sale, lease or other exploitation on the broadcasting, television and motion picture rights for a professional contest, and the commission or any state agency may inspect these accounts and documents at any time to determine the amount of the total gross receipts received by the promoter from the broadcasting, television and motion picture rights.
(3) Each contract filed with the commission pursuant to this section is confidential and is not a public record, and shall not be disclosed except as provided in § 68-115-207(b).