Section 68IAC14-4-8. Destruction of chips

   (a) The riverboat licensee must have written authorization from the executive director or his or her designee to destroy value or nonvalue chips. The riverboat licensee or riverboat license applicant shall notify the executive director, in writing, at least ten (10) days before value or nonvalue chips are destroyed. The riverboat licensee or riverboat license applicant shall notify the executive director of the following information:

(1) The date and time that the chips will be destroyed.

(2) The location at which the chips will be destroyed.

(3) The:

(A) denomination;

(B) number; and

(C) amount;

of value chips that will be destroyed.

(4) The description and number of nonvalue chips that will be destroyed.

(5) A detailed explanation of the method of destruction.

  (b) After destruction of the value chips, the:

(1) denomination;

(2) number; and

(3) amount;

of value chips destroyed shall be entered in the chip inventory ledger in accordance with 68 IAC 15-4.

  (c) After destruction of the nonvalue chips, the description and number of nonvalue chips destroyed shall be entered in the chip inventory ledger in accordance with 68 IAC 15-4.

  (d) The riverboat licensee or riverboat license applicant shall coordinate the movement and shipment of chips to be destroyed with gaming agents on a form approved by the commission. (Indiana Gaming Commission; 68 IAC 14-4-8; filed Apr 19, 1996, 3:00 p.m.: 19 IR 2273; errata filed May 7, 1997, 4:00 p.m.: 20 IR 2413; readopted filed Nov 25, 2002, 10:11 a.m.: 26 IR 1261; filed Sep 30, 2004, 11:05 a.m.: 28 IR 529; filed Dec 6, 2006, 2:52 p.m.: 20070103-IR-068060191FRA; filed Apr 25, 2012, 3:47 p.m.: 20120523-IR-068110275FRA)