Section 6-24-32 – Unlawful sale of lottery ticket; penalty.
A. It is unlawful for: (1) any person to sell a lottery ticket at a price other than that fixed by the authority pursuant to the New Mexico Lottery Act; (2) any person other than the authority or a lottery retailer to sell or resell any lottery ticket; and (3) any person to sell a […]
Section 6-24-22 – Lien on lottery winnings for debt collected by human services department; payment to department; procedure.
A. The human services department shall periodically certify to the authority the names and social security numbers of persons owing a debt to or collected by the human services department. This list shall include individuals that owe child support being collected by the state’s child support enforcement agency pursuant to Title IV-D of the Social […]
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 […]
Section 6-24-28 – Internal auditor; appointment; duties.
A. The board, with the recommendation and assistance of the chief executive officer, shall employ an internal auditor. The internal auditor, who shall be an employee of the authority, shall be qualified by training and experience as an auditor and management analyst and have at least five years of auditing experience. The internal auditor shall […]
Section 6-24-29 – Unlawfully influencing and fraud; penalties.
A. It is unlawful to knowingly: (1) influence the winning of a prize through the use of coercion, fraud, deception or tampering with lottery equipment or materials; (2) make a material false statement in any application for selection as a lottery retailer or any lottery vendor proposal or other proposal to conduct lottery activities or […]
Section 6-24-30 – Conflicts of interest; penalties.
A. It is unlawful for the chief executive officer, a board member or any employee of the authority or any person residing in the household of the officer, board member or employee to: (1) have, directly or indirectly, an interest in a business, knowing that such business contracts with the lottery for a major procurement, […]