This text of New Mexico § 6-24-20 (Disclosures by lottery vendor) 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.
A. Any lottery vendor that submits a bid or proposal for a contract to supply lottery equipment, tickets or other material or services for use in the operation of the lottery shall disclose at the time of such bid or proposal:
(1)the lottery vendor's business name and address and the names and addresses of the following:
(a)if the lottery vendor is a partnership, all of the general and limited partners;
(b)if the lottery vendor is a trust, the trustee and all persons entitled to receive income or benefit from the trust;
(c)if the lottery vendor is an association, the members, officers and directors;
(d)if the lottery vendor is a corporation, the officers, directors and each owner or holder, directly or indirectly, of any equity security or other evidence of ownership of any interest i
Free access — add to your briefcase to read the full text and ask questions with AI
A. Any lottery vendor that submits a bid or proposal for a contract to supply lottery equipment, tickets or other material or services for use in the operation of the lottery shall disclose at the time of such bid or proposal: (1) the lottery vendor's business name and address and the names and addresses of the following: (a) if the lottery vendor is a partnership, all of the general and limited partners; (b) if the lottery vendor is a trust, the trustee and all persons entitled to receive income or benefit from the trust; (c) if the lottery vendor is an association, the members, officers and directors; (d) if the lottery vendor is a corporation, the officers, directors and each owner or holder, directly or indirectly, of any equity security or other evidence of ownership of any interest in the corporation; except that, in the case of owners or holders of publicly held equity securities of a publicly traded corporation, only the names and addresses of those owning or holding five percent or more of the publicly held securities must be disclosed; and (e) if the lottery vendor is a subsidiary company, each intermediary company, holding company or parent company involved therewith and the officers, directors and stockholders of each; except that, in the case of owners or holders of publicly held securities of an intermediary company, holding company, or parent company that is a publicly traded corporation, only the names and addresses of those owning or holding five percent or more of the publicly held securities must be disclosed; (2) if the lottery vendor is a corporation, all the states in which the lottery vendor is authorized to do business and the nature of that business; (3) other jurisdictions in which the lottery vendor has contracts to supply gaming materials, equipment or services; (4) the details of any conviction by a federal or any state court of the lottery vendor or any person whose name and address is required under this section for a criminal offense punishable by imprisonment for more than one year and shall submit to the board a full set of fingerprints of such person made at a law enforcement agency by an agent or officer of such agency on forms supplied by the authority; (5) the details of any disciplinary action taken by any state against the lottery vendor or any person whose name and address are required by this section regarding any matter related to gaming services or the selling, leasing, offering for sale or lease, buying or servicing of gaming materials or equipment; (6) audited annual financial statements of the lottery vendor for the preceding five years; (7) a statement of the lottery vendor's gross receipts realized in the preceding year from gaming services and the sale, lease or distribution of gaming materials or equipment to states operating lotteries and to private persons licensed to conduct gambling, differentiating that portion of the gross receipts attributable to transactions with states operating lotteries from that portion of the gross receipts attributable to transactions with private persons licensed to conduct gambling; (8) the name and address of any source of gaming materials or equipment for the lottery vendor; (9) the number of years the lottery vendor has been in the business of supplying gaming services or gaming materials or equipment; and (10) any other information, accompanied by any documents the board by rule may reasonably require as being necessary or appropriate in the public interest to accomplish the purposes of the New Mexico Lottery Act. B. No contract for supplying goods or services for use in the operation of the lottery is enforceable against the authority unless the requirements of this section have been fulfilled.