[§440D-4]  Violation and penalty; rebuttable presumption.  (a)  In addition to any other applicable remedy, a person who violates this chapter shall be subject to a fine of not more than $10,000 for each offense.  Each day's violation or failure to comply shall be deemed a separate offense.  The fines shall be levied and collected by the department.

     (b)  The submission of false information or documents by a promoter to the department under this chapter shall constitute a violation of this chapter.

     (c)  In any proceeding involving an allegation of a violation of this chapter by a promoter or contestant, there shall be a rebuttable presumption that a violation has occurred, and the promoter or contestant shall have the burden of overcoming the presumption. [L 2005, c 54, pt of §2]