BASIS AND PURPOSE FOR RULE 1
The purpose of Rule 1 is to present definitions of various terms used throughout the rules of the Colorado Limited Gaming Control Commission so that the rules can be uniformly applied and understood. The statutory basis for Rule 1 is found in sections 12-47.1-201, C.R.S., 12-47.1-203, C.R.S., and 12-47.1-302, C.R.S.
RULE 1      GENERAL RULES AND REGULATIONS
47.1-106      Definitions.
The following definitions of terms, in addition to those set forth in section 12-47.1-103, C.R.S., shall apply to all rules and regulations promulgated pursuant to article 47.1 of title 12, of the Colorado Revised Statutes:
[Note to Publisher: All subsections remain as is except for the following changes]
(6)    	“Chip” means a nonmetal or partly metal representative of value issued and/or sold by a licensee for use at gaming.
	a.	Cashable chips are issued and/or sold by the licensee for gaming and are 			 redeemable for cash.
	b. 	Non-cashable chips are issued by the licensee for gaming and are not 			     	redeemable for cash.
[Note to Publisher: Removed subsection (8.3)]
(8.5)
(a)      	“Credit” means allowing any person any length of time in which to make payment or otherwise honor a financial obligation, whether express or implied in any particular and includes lending of cash or cash equivalent.
(b)    	Markers, promissory notes, IOUs or similar transactions or instruments constituting a memorandum of debt accepted for purposes of participating in limited gaming which are not checks are credit instruments.		
		[Note to Publisher: Subsections (c)(1)(2)(3) remain.]
(28)  	“Token” means a metal or other approved material representative of value, redeemable for cash, issued and sold by a licensee for use in gaming. (47.1-106(28) amended perm. 10/30/99)   Eff  11/30/2006

BASIS AND PURPOSE FOR RULE 2
The purpose of Rule 2 is to delegate certain authority to the Director or other Division agent; provide for the review of any action taken pursuant to such authority; provide for the reference by the Director of matters delegated to the Director back to the Commission; and to establish procedures for Commission actions and hearings. Rule 2 also empowers the Commission to contract for legal counsel, and directs the Licensee to obtain moneys owed to a deceased patron and properly distribute such moneys. The statutory basis for Rule 2 is found in sections 12-47.1-201, C.R.S., 12-47.1-203, C.R.S., 12-47.1-301, C.R.S., 12-47.1-302, C.R.S., 12-47.1-501, C.R.S., 12-47.1-503, C.R.S., 12-47.1-508, C.R.S., and 24-4-105, C.R.S.
RULE 2  COLORADO GAMING REGULATIONS
[Note to Publisher: All regulations remain as is except for the following changes:]
47.1-207    Authority of Director.
	[Note to Publisher: Subsections (1)-(6) remain.]
 (7)    	All such ownership changes approved by the Director must be reported to the Commission at the time of the next renewal application of the licensee.
47.1-211    Filing or Notice.
If a filing or notice to the Commission or Director is permitted or required by these rules, the filing or notice may be delivered in person or mailed to the Division at 17301 West Colfax Ave., Suite 135, Golden, Colorado 80401. A filing or notice is complete on the date it is received by the Division. Notification to the Division shall be deemed notification to the Commission for purposes of these rules.
47.1-214   Death of a gaming patron.
All coins, chips, tokens, gaming coupons, or tickets in the possession of a gaming patron who dies before such coins, chips, tokens, gaming coupons, or tickets are surrendered by such patron, shall be paid by the licensee by check drawn upon a bank, or other financial institution in Colorado, chartered by the State of Colorado or any other state or the United States Government, to the estate of the deceased patron unless the Licensee is directed otherwise pursuant to an appropriate judicial order.