(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.