{"data":{"id":"us-nm/6-24-16","jurisdiction":"us-nm","citation":"6-24-16","heading":"Termination of lottery retailer contracts.","body":"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:\n(1) a violation of the New Mexico Lottery Act or any rule, policy or procedure of the board adopted pursuant to that act;\n(2) failure to accurately or timely account for lottery tickets, lottery games, revenues or prizes as required by the authority;\n(3) commission of any fraud, deceit or misrepresentation;\n(4) failure to achieve sales goals established by the lottery;\n(5) conduct prejudicial to public confidence in the lottery;\n(6) the lottery retailer's filing for or being placed in bankruptcy or receivership;\n(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\n(8) failure to meet any of the objective criteria established by the authority pursuant to the New Mexico Lottery Act.\nB. 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.","path":["Chapter 6 - Public Finances","ARTICLE 24 New Mexico Lottery"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18506/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"cf84878896361f660d318565fb86db78e139424e45c05083fea6ee690faa909c","source_id":"us-nm","stale":false,"prev":"us-nm/6-24-15","next":"us-nm/6-24-17"},"notice":"GroundRules: Original legal text. Not legal advice."}