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:
(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.