(a) (1) (A) The State Athletic Commission shall have the sole discretion, management, control, and jurisdiction over all combative sports matches and exhibitions in this state.
(B) The commission shall adopt uniform policies, fees, and forms to ensure fair regulation of the combative sports industry.
(2) A combative sports match and exhibition declared to be amateur and self-regulated shall be governed by the commission unless sanctioned by:
(A) A federally recognized sanctioning body approved in writing by the commission; and
(B) A national oversight body with 501(c)(3) status under the Internal Revenue Code operating in at least six (6) states approved in writing by the commission.
(b) (1) The commission shall have the authority to appoint and pay inspectors and other officials necessary to properly conduct any match or exhibition authorized by this chapter.
(2) The inspectors and other officials may receive reimbursement for travel under § 25-16-901 et seq.
(c) The commission shall have the authority to adopt and promulgate, amend, or abrogate any and all rules and regulations considered by it necessary or expedient for the performance of its functions as provided in this chapter and in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq.
(d) The commission may issue subpoenas, examine witnesses, and administer oaths and shall, at its discretion, investigate allegations or practices violating the provisions of this chapter.
(e) The commission shall have the authority to hire an investigator for the purposes outlined in this section.
(f) The commission shall have the authority to require event permits and insurance for combative sports with limits to be adjusted by the rules and regulations of the commission.
(g) The commission shall have the authority to make a claim on the bond or check posted by a promoter for combative sports events in order to make reimbursements for any unpaid fees, prize money, or other financial commitments of the promoter related to combative sports activity licensed by the commission.
(h) The commission shall have the authority to specify the forms required under this chapter.
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