A. Fees for licenses and permits issued pursuant to the New Mexico Bingo and Raffle Act shall be established by board rule but shall not exceed the following amounts:

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(1)     bingo license, five hundred dollars ($500) for the initial license and five hundred dollars ($500) for each renewal;

(2)     manufacturer’s license, five hundred dollars ($500) for the initial license and five hundred dollars ($500) for each renewal;

(3)     distributor’s license, five hundred dollars ($500) for the initial license and five hundred dollars ($500) for each renewal; and

(4)     permit, seventy-five dollars ($75.00) for the initial permit and seventy-five dollars ($75.00) for each renewal.

B. All administrative receipts, including license and permit fees, collected pursuant to the New Mexico Bingo and Raffle Act shall be deposited in the general fund.