1. (a) An athlete agent contract is deemed filed when it is properly addressed and placed in the United States Post Office or in the hands of a common or contract carrier. The post office cancellation mark or the receipt mark of a common or contract carrier is prima facie evidence of the date the contract was deposited with the post office or carrier.
2. (b) Contracts not filed within the time period established by §78.50 of this title (relating to Initial Filing Date) are late.

3. (c) Contracts not received by the Office of the Secretary of State within ten days of the date the athlete signs the contract are subject to an administrative penalty. Said penalty will be assessed on the following basis:

   1. (1) a fine of $100, plus;
   2. (2) $20/day for each day that the contract is late.
4. (d) Assessment of the fine described in subsection (c) of this section does not preclude the secretary of state from taking other disciplinary action authorized by the Act.

Source Note:The provisions of this §78.53 adopted to be effective June 13, 1994, 19 TexReg 4251.