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Indiana Administrative Code (Last Updated: December 20, 2016) |
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Title 68. INDIANA GAMING COMMISSION |
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Article 68IAC1. GENERAL PROVISIONS |
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Rule 68IAC1-4. Contracts |
Section 68IAC1-4-1. Purchasing system
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(a) This rule applies to casino licensees and casino license applicants.
(b) As used in this rule, "related party" means one (1) of the following:
(1) An individual or business entity having a pecuniary interest in a casino licensee, a casino license applicant, or an affiliate thereof if the casino licensee, casino license applicant, or affiliate is not a publicly held company.
(2) A holder of more than five percent (5%) of the outstanding shares of a casino licensee, a casino license applicant, or an affiliate thereof if the casino licensee, casino license applicant, or affiliate is a publicly held company.
(3) A key person of a casino licensee, a casino license applicant, or an affiliate thereof.
(4) An affiliate of a casino licensee or a casino license applicant.
(5) A relative of a holder of more than five percent (5%) of the outstanding shares of a casino licensee, a casino license applicant, or an affiliate thereof if the casino licensee, casino license applicant, or affiliate is a publicly held company.
(6) A relative of a key person of a casino licensee, a casino license applicant, or an affiliate thereof.
(7) A relative of an affiliate of a casino licensee or a casino license applicant.
(8) A trust for the benefit of or managed by a casino licensee, a casino license applicant, or an affiliate or a key person thereof.
(9) Another person who is able to control or significantly influence the management or operating policies of a casino licensee, a casino license applicant, or an affiliate thereof.
(c) The executive director or an agent of the commission may review a contract or transaction entered into by a casino licensee or casino license applicant upon demand. The contract may be reviewed at the casino or the appropriate office, or the casino licensee or casino license applicant may be required to submit a copy of a contract to the commission office in Indianapolis, Indiana.
(d) A contract or transaction entered into by a casino licensee or casino license applicant shall contain a provision indicating that the commission may subsequently disapprove the contract. (Indiana Gaming Commission; 68 IAC 1-4-1; filed Dec 11, 1995, 4:30 p.m.: 19 IR 1015; readopted filed Oct 15, 2001, 4:34 p.m.: 25 IR 898; readopted filed Sep 14, 2007, 1:40 p.m.: 20071003-IR-068070354RFA; filed Dec 6, 2012, 2:32 p.m.: 20130102-IR-068110786FRA; readopted filed Nov 26, 2013, 3:58 p.m.: 20131225-IR-068130354RFA)