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(a) In addition to complying with AS 05.15.115 , a contract between an operator and an authorizing permittee must include
(1) a termination clause that allows the permittee or operator to terminate the contract upon 30 days notice in writing;
(2) to the extent known at the time the contract is executed, a detailed listing of the rental costs for
(A) facilities by location; and
(B) equipment by location;
(3) the amount of the operator fee;
(4) the name and address of the primary member in charge and alternate member in charge; and
(5) the length of time the primary member in charge and the alternate member in charge have been,
(A) if a qualified organization, a member of the organization or the board of directors; or
(B) if a municipality, an employee of the municipality.
(b) A permittee or an operator shall submit a signed copy of the contract to the department at least 15 days before the planned commencement of gaming activities under AS 05.15 and this chapter.
(c) If a permittee or an operator terminates a contract, the permittee and the operator shall each immediately notify the department in writing of the effective date of the termination of the contract. Upon approval by the department, if a permittee terminates a contract with an operator for non-use of the permit, and shows that the operator did not conduct activity under AS 05.15 for the permittee in the current calendar year, the permittee's prize limits under AS 05.15.180 (g) and 15 AAC 160.600(a) are not reduced.
(d) Approval of a contract by the department under AS 05.15.115 constitutes approval as to the form required under AS 05.15.115 and this section only.
(e) Repealed 1/1/2003.
(f) An operator may not contract with a multiple-beneficiary permittee.
History: Eff. 7/30/94, Register 131; am 11/10/96, Register 140; am 1/1/2003, Register 164; am 9/3/2005, Register 175
Authority: AS 05.15.060
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Last modified 7/05/2006