A. Any lottery retailer contract executed by the authority pursuant to the New Mexico Lottery Act shall specify the reasons for which a contract may be terminated by the authority, which reasons shall include but not be limited to:
(1) a violation of the New Mexico Lottery Act or any rule, policy or procedure of the board adopted pursuant to that act;
(2) failure to accurately or timely account for lottery tickets, lottery games, revenues or prizes as required by the authority;
(3) commission of any fraud, deceit or misrepresentation;
(4) failure to achieve sales goals established by the lottery;
(5) conduct prejudicial to public confidence in the lottery;
(6) the lottery retailer's filing for or being placed in bankruptcy or receivership;
(7) any material change as determined in the sole discretion of the authority in any matter considered by the authority in executing the contract with the lottery retailer; and
(8) failure to meet any of the objective criteria established by the authority pursuant to the New Mexico Lottery Act.
B. The chief executive officer may terminate a contract with a lottery retailer for violations or actions that according to the terms of the contract, pursuant to Subsection A of this section, require termination.
History: Laws 1995, ch. 155, ยง 16.
Structure 2021 New Mexico Statutes
Article 24 - New Mexico Lottery
Section 6-24-2 - Legislative findings.
Section 6-24-5 - New Mexico lottery authority created.
Section 6-24-6 - Powers of the authority.
Section 6-24-7 - Board of directors; duties.
Section 6-24-8 - Lottery games; adoption of rules, policies and procedures by board.
Section 6-24-9 - Legislative oversight; legislative finance committee; duties.
Section 6-24-10 - Chief executive officer; compensation; appointment; duties.
Section 6-24-11 - Employees; conflict of interest; investigations; bonds.
Section 6-24-12 - Executive vice president for security; qualifications; duties.
Section 6-24-14 - Lottery retailers; contracts; sales commission; bonds.
Section 6-24-15 - Lottery tickets; sales.
Section 6-24-16 - Termination of lottery retailer contracts.
Section 6-24-17 - Disclosure of odds.
Section 6-24-18 - Felony and gambling-related convictions; ineligibility for lottery positions.
Section 6-24-19 - Procurement; competitive proposals.
Section 6-24-20 - Disclosures by lottery vendor.
Section 6-24-21 - Drawings for and payment of prizes; unclaimed prizes; applicability of taxation.
Section 6-24-24 - Disposition of revenue.
Section 6-24-25 - Prohibition on use of state funds.
Section 6-24-26 - Authorization to issue revenue bonds.
Section 6-24-27 - Revenue and budget reports; records; independent audits.
Section 6-24-28 - Internal auditor; appointment; duties.
Section 6-24-29 - Unlawfully influencing and fraud; penalties.
Section 6-24-30 - Conflicts of interest; penalties.
Section 6-24-31 - Forgery of lottery ticket; penalty.
Section 6-24-32 - Unlawful sale of lottery ticket; penalty.
Section 6-24-33 - Unlawful purchase of lottery ticket; penalty.
Section 6-24-34 - Criminal provisions of act in addition to any existing Criminal Code provisions.