Section 6-24-21 – Drawings for and payment of prizes; unclaimed prizes; applicability of taxation.
A. All lottery prize drawings shall be open to the public. If the prior written approval of the chief executive officer and the executive vice president for security are obtained, the selection of winning entries may be performed by an employee of the lottery. A member of the board shall not perform the selection of […]
Section 6-24-8 – Lottery games; adoption of rules, policies and procedures by board.
The board may adopt rules, policies and procedures for the conduct of lottery games in general, including, but not limited to the following matters: A. the type of games to be conducted, which may include any type of lottery game not prohibited by the New Mexico Lottery Act; B. the percentage of lottery revenues that […]
Section 6-24-9 – Legislative oversight; legislative finance committee; duties.
A. The legislative finance committee shall oversee the operations of the authority, as well as periodically review and evaluate the success with which the authority is accomplishing its duties and operating the lottery pursuant to the New Mexico Lottery Act. The committee may conduct an independent audit or investigation of the lottery or the authority. […]
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 6-24-2 – 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 6-24-3 – Purposes.
The purposes of the New Mexico Lottery Act are to: A. establish and provide for the conduct of a fair and honest lottery for the entertainment of the public; and B. provide the maximum amount of revenues, without imposing additional taxes or using other state revenues, for the purpose of providing tuition assistance to resident […]
Section 6-24-4 – Definitions.
As used in the New Mexico Lottery Act: A. “authority” means the New Mexico lottery authority; B. “board” means the board of directors of the authority; C. “chief executive officer” means the chief executive officer of the authority appointed by the board pursuant to the New Mexico Lottery Act; D. “lottery” means the New Mexico […]
Section 6-24-5 – New Mexico lottery authority created.
A. There is created a public body, politic and corporate, separate and apart from the state, constituting a governmental instrumentality to be known as the “New Mexico lottery authority”. The authority is created and organized for the purpose of establishing and conducting the New Mexico state lottery to provide revenues for the public purposes designated […]
Section 6-24-6 – Powers of the authority.
A. The authority shall have all powers necessary or convenient to carry out and effectuate the purposes and provisions of the New Mexico Lottery Act that are not in conflict with the constitution of New Mexico and that are generally exercised by corporations engaged in entrepreneurial pursuits, including the power to: (1) sue and be […]