New Mexico § 6-24-16 Termination of lottery retailer contracts

New Mexico Statutes

§ 6-24-16 — Termination of lottery retailer contracts

New Mexico § 6-24-16

Ch. 6Public Finances

Art. 24New Mexico Lottery

This text of New Mexico § 6-24-16 (Termination of lottery retailer contracts) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 6-24-16 (2026).

Text

A. Any lottery retailer contract executed by the authority pursuant to the New Mexico Lottery Act shall specify the reasons for which a contract may be terminated by the authority, which reasons shall include but not be limited to:

(1)a violation of the New Mexico Lottery Act or any rule, policy or procedure of the board adopted pursuant to that act;

(2)failure to accurately or timely account for lottery tickets, lottery games, revenues or prizes as required by the authority;

(3)commission of any fraud, deceit or misrepresentation;

(4)failure to achieve sales goals established by the lottery;

(5)conduct prejudicial to public confidence in the lottery;

(6)the lottery retailer's filing for or being placed in bankruptcy or receivership;

(7)any material change as determined in the sole

Free access — add to your briefcase to read the full text and ask questions with AI

A. Any lottery retailer contract executed by the authority pursuant to the New Mexico Lottery Act shall specify the reasons for which a contract may be terminated by the authority, which reasons shall include but not be limited to: (1) a violation of the New Mexico Lottery Act or any rule, policy or procedure of the board adopted pursuant to that act; (2) failure to accurately or timely account for lottery tickets, lottery games, revenues or prizes as required by the authority; (3) commission of any fraud, deceit or misrepresentation; (4) failure to achieve sales goals established by the lottery; (5) conduct prejudicial to public confidence in the lottery; (6) the lottery retailer's filing for or being placed in bankruptcy or receivership; (7) any material change as determined in the sole discretion of the authority in any matter considered by the authority in executing the contract with the lottery retailer; and (8) failure to meet any of the objective criteria established by the authority pursuant to the New Mexico Lottery Act. B. The chief executive officer may terminate a contract with a lottery retailer for violations or actions that according to the terms of the contract, pursuant to Subsection A of this section, require termination.