R 432.1508 Debt acquisition generally.

Rule 508. (1) A person that has applied for or holds a casino license in this state, or a holding company or affiliate that has control of a person that has applied for or holds a casino license in this state, may enter into debt transactions affecting the capitalization or financial viability of its Michigan gambling operation or casino operation only in accordance with the act and these rules. (2) A person that has applied for or holds a casino license in this state, or another person that has control of a person that has applied for or holds a casino license in this state, shall stamp or otherwise mark its debt transaction documents that it submits to the board with the word "confidential," if the material submitted is not subject to disclosure. The person shall, at the request of the executive director or the board, provide a justification explaining the confidential nature of the documents. The board may determine that the information marked "confidential" is subject to disclosure.