N.M. Admin. Code § 15.1.5.25

Current through Register Vol. 35, No. 23, December 10, 2024

Section 15.1.5.25 - CONDITIONS OF APPROVAL OF APPLICATION

The approval of any application or renewal of licensure is subject to the following conditions and constitutes the following agreements by the licensee:

A. The licensee shall at all times make its gaming establishment or business premises available for inspection by the board or its authorized representatives, with or without prior announcement.

B. The licensee consents to the examination of all accounts, bank accounts, and records of, or under the control of, the licensee, an affiliate, or any entity in which the licensee has a direct or indirect controlling interest. Upon request of the board or its authorized representative, the licensee shall authorize all third parties in possession or control of the requested documents to allow the board or representative to examine such documents.

C. The licensee accepts all risks of adverse public notice, embarrassment, criticism, damages, or financial loss that may result from any disclosure or publication of material or information supplied to the agency in connection with any application to the board.

D. With respect to new license applications, the licensee shall commence the activity approved by the board within 90 days after the date of approval by the board on the application. Failure to commence the approved activity voids the board's approval, and the licensee shall file a new application. The board, in its discretion, may waive the requirements of a new application. The licensee shall make written application for waiver to the board within 30 days of the date the board's action on the original application becomes void.

E. The licensee shall be responsible for all registration, taxation, and licensing imposed by the act or other state law upon the license, gaming machine, or associated equipment. Nothing in this subsection shall be construed as authorizing the imposition of any license fee or tax in contravention of Section 60-2E-39 of the act.

N.M. Admin. Code § 15.1.5.25

11/30/98; 15.1.5.25 NMAC - Rn & A, 15 NMAC 1.5.25, 3/31/00; A, 2/14/02; A, 2/28/05, Adopted by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016