§ 26-57-419 — Licenses to sell

(a) Licenses to sell coin-operated amusement devices shall be issued by the Secretary of the Department of Finance and Administration. (b) Applications for the licenses shall be on a form prescribed by the secretary. (c) (1) No license shall be issued to any corporation which is owned in whole or in part by any convicted felon or person who formerly held a license which was revoked until two (2) years subsequent to the revocation. (2) The same restriction shall hold true on members of partnerships or individuals applying for licenses. (3) Salespersons employed by licensees shall in like manner be subject to the restrictions. (d) Any person, firm, partnership, limited liability company, or corporation who applies for a license to sell coin-operated amusement devices as provided in this section prior to the issuance of the license shall be required to procure a suitable surety bond in the principal sum of one thousand dollars ($1,000) to ensure compliance with the provisions of this subchapter and to provide indemnity to any person who deals with the applicant in the event of the violation of this subchapter. (e) The annual fee for each corporation, partnership, or individual which acquires a license to sell coin-operated amusement devices shall be twenty-five dollars ($25.00), and additional annual licenses for salespersons employed by the licensees may be acquired for five dollars ($5.00). (f) (1) The secretary may revoke or suspend the licenses for cause. (2) A licensee shall be notified in writing that the revocation or suspension of its license is being considered and the reason for the revocation or suspension. (3) The licensee shall have fifteen (15) days in which to request a hearing, after which time a hearing shall be held not less than twenty (20) days subsequent to the expiration of the fifteen-day period of notice. (4) A hearing under this section shall be held under the Arkansas Tax Procedure Act, § 26-18-101 et seq., or the Independent Tax Appeals Commission Act, § 26-18-1101 et seq. (5) The licensee or the secretary may seek relief from an adverse decision under this section by filing suit under § 26-18-602 . (g) (1) If a licensee fails to timely seek administrative relief from a decision of the secretary under subsection (f) of this section, the secretary may revoke the licensee's license immediately. (2) The secretary shall provide notice of the revocation to the licensee by mailing the notice to the licensee via first class mail using the last known address of the licensee on file with the secretary.

Legislative History

Amended by Act 2021, No. 593,§ 36, eff. 1/1/2023. Amended by Act 2021, No. 593,§ 35, eff. 1/1/2023. Amended by Act 2019, No. 910,§ 4182, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 4181, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 4180, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 4179, eff. 7/1/2019. Acts 1977, No. 553, §§ 12, 13, 17; A.S.A. 1947, §§ 84-2644, 84-2645, 84-2649; Acts 1995, No. 1160, § 33.