68 IAC 1-4-3
68 IAC 1-4-3 Prohibited contracts
Cite as Ind. Admin. Code tit. 68, r. 1-4-3
Sec. 3. (a) No casino licensee or casino license applicant may enter into or perform a contract or transaction in which the casino licensee
or casino license applicant transfers or receives consideration that is not commercially reasonable or does not reflect the fair market value of the
goods or services rendered or received as determined at the time that the contract is executed.
(b) A contract or transaction entered into by a casino licensee or a casino license applicant that exceeds the total dollar amount of fifty
thousand dollars ($50,000) shall be a written contract.
(c) A contract or transaction entered into by a casino licensee or a casino license applicant shall comply with IC 4-33, IC
4-35, and this title.