N.M. Admin. Code § 15.6.16.15

Current through Register Vol. 35, No. 21, November 5, 2024

Section 15.6.16.15 - WITHHOLDING OF PURSE

In accordance with Section 60-2A-19 of the Professional Athletic Competition Act, the Commission delegates to the Chairman or his designee, the authority to order a promoter to withhold any part of a purse or other funds belonging or payable to any contestant, manager or second, if in the judgment of the Chairman or his designee, there has been a violation of the Act or of the Commission's Rules and Regulations (15.6 NMAC).

A. Upon the withholding of any part of a purse, the Commission will inform the licensee in writing of the alleged violation(s), the rights of the licensee, and schedule a hearing at the next regularly scheduled Commission meeting.

B. If the Commission determines after a hearing that the licensee is not entitled to any part of the purse or other funds, the withheld purse or funds shall not be returned to the promoter, but shall be deposited in the Commission's funds.

N.M. Admin. Code § 15.6.16.15

15.6.16.15 NMAC - N, 03-23-2002