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Home » US Law » 2021 New Mexico Statutes » Chapter 6 - Public Finances » Article 24 - New Mexico Lottery

Section 6-24-1 – Short title.

Chapter 6, Article 24 NMSA 1978 may be cited as the “New Mexico Lottery Act”. History: Laws 1995, ch. 155, § 1; 2007, ch. 72, § 1. ANNOTATIONS Cross references. — For criminal offenses related to gambling, see Chapter 30, Article 19 NMSA 1978. For the Gaming Control Act, see Chapter 60, Article 2E NMSA […]

Section 6-24-10 – Chief executive officer; compensation; appointment; duties.

A. The board shall appoint and set the compensation of a “chief executive officer”, who shall serve at the pleasure of the board. B. The chief executive officer, who shall be an employee of the authority, shall: (1) manage and direct the operation of the lottery and all administrative and technical activities of the authority […]

Section 6-24-11 – Employees; conflict of interest; investigations; bonds.

A. No employee of the authority shall participate in any decision involving a lottery retailer with whom the employee has a financial interest. B. No employee of the authority who leaves the employment of the authority may represent any lottery vendor or lottery retailer before the authority for a period of two years following termination […]

Section 6-24-12 – Executive vice president for security; qualifications; duties.

A. The chief executive officer shall hire an executive vice president for security, who shall be qualified by training and experience, including at least five years of law enforcement experience, and be knowledgeable and experienced in computer security. The executive vice president for security shall take direction as needed from the chief executive officer and […]

Section 6-24-13 – Determination of confidential information; applicability of Open Meetings Act; criminal investigations.

A. The authority is specifically authorized to determine which information relating to the operation of the lottery is confidential. Such information is limited to trade secrets and proprietary information; security measures, systems or procedures; security reports; information concerning bids or other contract data during the negotiation process, the disclosure of which would impair the efforts […]

Section 6-24-14 – Lottery retailers; contracts; sales commission; bonds.

A. Lottery tickets shall be sold only by a lottery retailer who, pursuant to a contract with the authority, has been issued a certificate of authority signed by the chief executive officer. The lottery retailer shall display the certificate conspicuously at each authorized location. No lottery retailer shall sell a lottery ticket except from the […]

Section 6-24-15 – Lottery tickets; sales.

A. The price of each lottery ticket shall be clearly stated on the ticket. No person shall sell a ticket at a price other than at the price established by the authority unless authorized in writing by the chief executive officer. No person other than a lottery retailer shall sell lottery tickets, but this subsection […]

Section 6-24-16 – Termination of lottery retailer contracts.

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 […]

Section 6-24-17 – Disclosure of odds.

The authority shall make adequate disclosure of the odds with respect to each lottery game by stating the odds in lottery game advertisements or by posting the odds at each place in which lottery tickets are sold. History: Laws 1995, ch. 155, § 17.

Section 6-24-19 – Procurement; competitive proposals.

The authority shall enter into a contract for a procurement after evaluating competitive proposals and shall not design requests for proposals to provide only for sole source contracts. The authority shall conduct its own procurement, but the authority shall conduct all procurement in accordance with the Procurement Code [13-1-28 to 13-1-199 NMSA 1978]. In all […]

Section 6-24-2 – Legislative findings.

The legislature finds that: A. lotteries have been enacted in many states and the revenues generated from those lotteries have contributed to the benefit of the residents of those states; B. many New Mexicans already participate in other state lotteries and support the establishment of a state lottery in New Mexico; and C. the most […]

Section 6-24-20 – Disclosures by lottery vendor.

A. Any lottery vendor that submits a bid or proposal for a contract to supply lottery equipment, tickets or other material or services for use in the operation of the lottery shall disclose at the time of such bid or proposal: (1) the lottery vendor’s business name and address and the names and addresses of […]

Section 6-24-23 – Recompiled.

History: Laws 1995, ch. 155, § 23; 1997, ch. 106, § 1; 2001, ch. 300, § 2; recompiled and amended as § 21-21N-5 by Laws 2014, ch. 80, § 5. ANNOTATIONS Recompilations. — Laws 2014, ch. 80, § 5 recompiled and amended former 6-24-23 NMSA 1978 as 21-21N-5 NMSA 1978, effective March 12, 2014.

Section 6-24-24 – Disposition of revenue.

A. As nearly as practical, an amount equal to at least fifty percent of the gross annual revenue from the sale of lottery tickets shall be returned to the public in the form of lottery prizes. B. No later than the last business day of each month, the authority shall transmit at least twenty-seven percent […]

Section 6-24-25 – Prohibition on use of state funds.

The authority shall be self-sustaining and self-funded. No appropriations, loans or other transfer of state funds shall be made to the authority or used or obligated to pay the expenses of the authority or lottery prizes. No claim for the payment of any lottery expense or lottery prize shall be made against any money other […]

Section 6-24-26 – Authorization to issue revenue bonds.

A. In order to provide funds for the initial development and operation of the lottery, the board is authorized to issue lottery revenue bonds in an amount not to exceed three million dollars ($3,000,000) payable solely from revenues of the authority generated from operation of the lottery. B. The board may issue bonds to refund […]

Section 6-24-27 – Revenue and budget reports; records; independent audits.

A. The board shall: (1) submit quarterly and annual reports to the governor and the legislative finance committee disclosing the total lottery revenue, prizes, commissions, ticket costs, operating expenses and other revenue of the authority during the reporting period and, in the annual report, describe the organizational structure of the authority and summarize the functions […]