68 Ind. Admin. Code 5-3-1

Current through December 4, 2024

Section 68 IAC 5-3-1 - General provisions

Authority: IC 4-33-4; IC 4-35-4

Affected: IC 4-33; IC 4-35; IC 5-14

Sec. 1.

(a) This rule applies to casino licensees, casino license applicants, or affiliates thereof.

(b) A casino licensee, casino license applicant, or affiliate thereof may enter into debt transactions that total one million dollars ($1,000,000) or more only in accordance with this rule.

(c) As used in this rule, "debt transaction" means a transaction in which the casino licensee, casino license applicant, or affiliate thereof issues, incurs, or assumes debt, including, but not limited to, the following:

(1) Bank financing.

(2) Private debt offerings.

(3) Any other transaction that results in the encumbrance of the assets.

(d) The casino licensee or casino license applicant must stamp or otherwise mark each page of its debt transaction documents that it submits to the commission with the word "CONFIDENTIAL" if the documents submitted are not subject to disclosure under IC 4-33, IC 4-35, or IC 5-14, or a combination thereof. The casino licensee or casino license applicant shall, at the request of the executive director or the commission, provide a justification explaining the confidential nature of the policies and procedures. The commission or the executive director may determine that the information marked confidential is subject to disclosure under IC 4-33, IC 4-35, or IC 5-14, or a combination thereof.

68 IAC 5-3-1

Indiana Gaming Commission; 68 IAC 5-3-1; filed Jul 18, 1996, 8:55 a.m.: 19 IR 3300; readopted filed Nov 25, 2002, 10:11 a.m.: 26 IR 1261; readopted filed Nov 14, 2008, 12:51 p.m.: 20081210-IR-068080730RFA; filed Dec 6, 2012, 2:32 p.m.: 20130102-IR-068110786FRA

Readopted filed 9/19/2018, 4:09 p.m.: 20181017-IR-068180283RFA

Readopted filed 10/1/2024, 9:32 a.m.: 20241030-IR-068230797RFA