LD 2349
pg. 7
Page 6 of 15 An Act to Allow Video Lottery Terminals Page 8 of 15
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LR 3880
Item 1

 
officers, directors, partners or owners of interest in that
association or corporation, other than persons whose interest
arises solely from their ownership of publicly traded shares:

 
A.__Have complied substantially with this chapter and rules
adopted by the Chief of the State Police under this chapter
during the preceding year if they held any license issued
under this chapter during that period;

 
B.__Will fully comply with this chapter and rules adopted by
the Chief of the State Police under this chapter during the
coming year;

 
C.__Are of good moral character and have not been convicted
of a violation of this chapter or chapter 14 or of a crime
punishable by one year or more of imprisonment in any
jurisdiction unless at least 10 years have passed since
satisfactory completion of the sentence or probation imposed
by the court for the crime;

 
D.__Have sufficient financial assets to meet any financial
obligations imposed by this chapter and a method acceptable
to the Chief of the State Police for meeting those
obligations; and

 
E.__Have not knowingly made a false statement of material
fact to the Chief of the State Police in applying for a
license under this chapter or chapter 14.

 
2.__Video lottery terminal distributors.__Notwithstanding any
other provision of this chapter, the Chief of the State Police
shall, within 60 days of receiving an application, license as a
video lottery terminal distributor any person who is licensed to
operate a pari-mutuel facility that meets the definition of a
commercial track under Title 8, section 275-A, subsection 1 and
who was awarded race dates to conduct harness racing on at least
100 days during 1998.

 
3.__Requirement for license.__A person may not manufacture for
distribution in or to this State, distribute within this State or
own within this State a video lottery terminal unless the person
is licensed under either this section or section 371.

 
§374.__Application

 
1.__Form.__An application for a license required under this
chapter, except section 371, must be on a form provided by the
Chief of the State Police.__The application must be signed by the
individual applicant or by a duly authorized officer or agent of
the association or corporation applying for the license.__The


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