N.M. Admin. Code § 15.1.18.12

Current through Register Vol. 35, No. 20, October 22, 2024

Section 15.1.18.12 - COMPULSIVE GAMBLING FUNDS DISTRIBUTION

A racetrack gaming operator shall spend all funds required by statute to fund or support programs for the treatment and assistance of compulsive gamblers each year within 120 days after the close of the licensees fiscal year.

A. Racetracks shall spend no more than 15 % on administrative costs, including the salary of the plan manager or other person responsible for ensuring that the plan is implemented and administered and for marketing of compulsive gambling issues.

B. Racetracks shall spend the remainder of the compulsive gambling funds on compulsive gambling training for employees, crisis intervention and prevention programs, gambling assistance and treatment, and a helpline as identified in the plan and approved by the board.

N.M. Admin. Code § 15.1.18.12

15.1.18.12 NMAC - N, 5/14/04; A, 2/28/05