Sec. 05.15.128. Revocation of operator's license.

154 words·~1 min read·/ak/title-5/chapter-15/05-15-128

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The department shall revoke the license of an operator who does not

(1)report an adjusted gross income of at least 15 percent of gross income annually based on the total operation of the operator; or

(2)pay to each authorizing permittee annually at least 30 percent of the adjusted gross income, as determined under

(1)of this subsection, from a pull-tab activity or at least 10 percent of the adjusted gross income, as determined under

(1)of this subsection, from a gaming activity other than pull-tabs, received from activities conducted on behalf of the authorizing permittee.

(b)A person, municipality, or qualified organization whose operator's license has been revoked under this section may appeal the revocation if the person, municipality, or qualified organization submits to and pays for a complete audit of the operator's financial records by the department. The results of the audit are conclusive.