D.C. Mun. Regs. tit. 30, § 1205
Bonding
Effective Oct 2, 201562 DCR 13027Authority: Section 424a of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 790, Pub. L. 93-198; D.C. Official Code § 1-204.24(a) (2014 Repl.)), as amended by the 2005 District of Columbia Omnibus Authorization Act, approved October 16, 2006 (Pub. L. No. 109-356, § 201, 120 Stat. 2019; D.C. Official Code §§ 1-204.24a(c)(6) (2012 Repl.)); Section 4 of the Law to Legalize Lotteries, Daily Numbers Games, and Bingo and Raffles for Charitable Purposes in the District of Columbia, effective March 10, 1981 (D.C. Law 3-172; D.C. Official Code §§ 3-1306(a), 3-1322, 3-1323, 3-1324, and 3-1325 (2012 Repl.)); District of Columbia Financial Responsibility and Management Assistance Authority Order, issued September 21, 1996; the Office of the Chief Financial Officer Financial Management Control Order No. 96-22, issued November 18, 1996; the Office of the Chief Financial Officer Financial Management Control Orders No. 97-15, issued May 15,1997, and No. 96-16, issued September 24, 1996; and Office of the Chief Financial Officer Financial Management Control Order No. 15-11, issued April 14, 2015 (appointing Tracey Cohen Interim Executive Director of the District of Columbia Lottery and Charitable Games Control Board). Source: Final Rulemaking published at 29 DCR 5015 (November 12, 1982); as amended by Final Rulemaking published at 35 DCR 3788, 3795 (May 20, 1988); as amended by Final Rulemaking published at 62 DCR 13027 (October 2, 2015).District of Columbia, Office of the Secretary
1205 BONDING
1205.1 At the time application for a bingo or raffle license is made, the Agency shall require each applicant to provide financial security in the form of certified funds, a bond, or other form of security as prescribed by the Executive Director.
1205.2 In accordance with D.C. Official Code § 3-1325, the financial security required in § 1205.1 shall guarantee the faithful discharge of the duties of the member responsible for gross receipts, payment of expenses, including fees and taxes, that net proceeds are expended for a lawful purpose, and that all prizes are awarded.
1205.3 The amount of the financial security shall be at least two hundred ($200) dollars and shall not exceed the aggregate value of the prize(s) offered.
SOURCE: Final Rulemaking published at 29 DCR 5015 (November 12, 1982); as amended by Final Rulemaking published at 35 DCR 3788, 3795 (May 20, 1988); as amended by Final Rulemaking published at 62 DCR 13027 (October 2, 2015).