New Mexico Raffle Operator Bond

New MexicoA new law was enacted in New Mexico State relating to operators of raffle games. Titled SB 228, the new law requires operators of bingo and raffle games to be licensed. SB 228 requires an appeal bond in relation to an appeal of an administrative decision to rescind or suspend a license or permit. Any appeals to such verdicts must be made in the district court and requires a surety bond in a quantity that the court will establish. The surety bond is conditioned on the petitioner’s faithful execution of their duties as a licensee or permitee and on the punctual payment of all damages ensuing from a setback in the effect of enforcement of the administrative order and any expenses that may be evaluated in relation to the proceedings. SB 228 became active on July 1st, 2009.


Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.

One Comment

Ken

ORGANIZATIONS THAT MAY CONDUCT CERTAIN GAMES OF CHANCE UNDER LIMITED CIRCUMSTANCES WITHOUT OBTAINING A LICENSE

1. Limited exemptions under the Bingo and Raffle Act.

Any bingo or raffle held by a qualified organization as defined in §60-2F-4(Y) NMSA1978, of the Bingo and Raffle Act which holds a bingo or raffle no more than once in any three consecutive calendar months and not exceeding four occasions in one calendar year. §60-2F-26(B) NMSA 1978.
2. Limited exceptions under the Criminal Code.

“Nothing in Chapter 30, Article 19 NMSA 1978 shall be held to prohibit any bona fide motion picture theater from offering prizes of cash or merchandise for advertising purposes, in connection with such business or for the purpose of stimulating business, whether or not any consideration other than a monetary consideration in excess of the regular price of admission is exacted for participation in drawings for prizes. §30-19-6(A) NMSA 1978.”

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