TITLE 10: LOCAL LAWS
DIVISION 1: FIRST SENATORIAL DISTRICT (ROTA)
§ 1411. Bid Procedure: Minimum Bid: Time of Payment: Local Preference. (a) Bids must be submitted within at least 15 days prior to the expiration of an existing license. Each bid shall be sealed and accompanied by a deposit of 20 percent of the total amount of the bid. The deposit shall be in the form of cash, postal or express money order, cashier’s check, or bank draft, payable to the CNMI Treasurer. Bid deposits of unsuccessful bidders shall be promptly returned by the board. (b) The minimum bids for each category of gaming which can be received and accepted by the board shall be as follows: five thousand dollars for a cockpit license; one thousand dollars for a bingo license; and one thousand dollars for a batu license. (c) As proof of financial responsibility, the highest or most responsible bidder must pay the full amount of the bid no later than the close of the next business day following the board’s announcement of the highest bidder. The method of payment shall be the same as that designated in this chapter for bid deposits. If the highest or most responsible bidder fails to make full payment as required by this subsection, the board reserves the right to award the franchise license to the next highest, responsible bidder or to reject all bids and seek new bids. (d) All bids shall be publicly open and announced by the board. The hour and place of opening bids shall be stated in the notice of invitation to bid. (e) The board reserves the right, by majority vote, to reject any and all bids for good cause: to make further invitation for bids in the same manner as the original invitation; and to wave immaterial irregularities in the bidding process. For the purpose of this subsection, “good cause” shall include a prior felony conviction of any bidder by a court of competent jurisdiction. Source: Rota LL 11-3, § 1 (1411), modified.