A 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. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.