La. Admin. Code tit. 42 § III-2510

Current through Register Vol. 50, No. 6, June 20, 2024

Section III-2510 - Emergency Procedures

A. A proposed transferee who seeks to participate in an operation pursuant to an emergency order of the board must submit a written request to the board which shall contain the following:

1. a complete description of the extent to which and the manner in which the proposed transferee will participate in the operations pending the completion of the proposed transfer of interest;

2. a complete description of the plan for effecting the proposed transfer of interest;

3. a complete financial statement, including the sources for all funds to be used in the transfer and that will be used in the participation prior to completion of the transfer;

4. full, true and correct copies of all documents pertaining to the proposed transfer, including but not limited to all agreements between the parties, leases, notes, mortgages or deeds of trust, and pertinent agreements or other documents with or involving third parties;

5. a complete description of any and all proposed changes in the manner or method of operations, including but not limited to the identification of all proposed changes of and additions to supervisory personnel;

6. all such additional documentation and information as may be requested by the board; and

7. a certification that a copy of the request for emergency participation has been provided to the board.

B. The proposed transferee must file a complete application with the board for approval of the transfer of interest and for any necessary license or permit as provided in this Chapter within five business days after an order for emergency participation has been issued. The board may waive any and all requirements of this Section upon written request of the proposed transferee with a showing of good cause.

La. Admin. Code tit. 42, § III-2510

Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1626 (July 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.