N.M. Admin. Code § 15.4.8.12

Current through Register Vol. 35, No. 21, November 5, 2024

Section 15.4.8.12 - PAYMENT OF WINNINGS

A. Prizes shall be tendered in accordance with the specifications on the raffle ticket.

B. In the event that the winner does not accept a prize and:

(1) is present at the drawing a second drawing shall be made; or

(2) is not required to be and is not present at the drawing:

(a) the licensee shall obtain a written and signed letter declining the prize;

(b) the licensee shall notify the board; and

(c) the licensee may dispose of the prize in a manner they deem appropriate.

C. The organization shall not discard any of the sold tickets until all prizes have been accepted.

N.M. Admin. Code § 15.4.8.12

15.4.8.12 NMAC - N, 4/15/2013, Adopted by New Mexico Register, Volume XXXII, Issue 04, February 23, 2021, eff. 2/23/2021