N.M. Admin. Code § 15.1.12.14

Current through Register Vol. 35, No. 23, December 10, 2024

Section 15.1.12.14 - DESTRUCTION OF DISCONTINUED OR COUNTERFEIT TOKENS

A. Discontinued and counterfeit tokens must be disposed of in a manner that makes them incapable of use. The gaming operator license must notify the board, in writing, at least 30 days before the discontinued or counterfeit tokens are to be disposed of or destroyed. The notice must include the following information:

(1) the number and denominations of the tokens to be destroyed or otherwise disposed of;

(2) for counterfeit tokens, the date on which the tokens were discovered;

(3) the date, place, and method of destruction or other disposition;

(4) the names of the occupational licensees who will carry out the destruction or other disposition on behalf of the gaming operator licensee; and

(5) any other information deemed necessary by the board.

B. Unless the board notifies the gaming operator licensee within 30 days of receipt of the notice required by this section, the method of destruction or other disposition will be deemed approved.

C. At least two people, one of whom is an agent of the board, must be present when the discontinued or counterfeit tokens are destroyed, unless otherwise approved by the board.

D. The person seeking to dispose of such tokens must submit to the board, within 10 days of disposal, a sworn affidavit verifying the date, time, place, and manner of disposal and persons witnessing the disposal.

N.M. Admin. Code § 15.1.12.14

N, 12/31/98; 15.1.12.14 NMAC - Rn, 15 NMAC 1.12.14, 2/14/02