Bonding

Authority: 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

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1205 BONDING

1205.1 The Board shall require a license bond from a surety agent licensed to do business in the District from each applicant for a license to conduct bingo, raffle and Monte Carlo night parties at the time application is made.

1205.2 In accordance with D.C. Official Code § 3-1325, the bond 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 bond shall be at least fifteen percent (15%), above the aggregate value of the prize.

SOURCE: Final Rulemaking published at 35 DCR 3788, 3795 (May 20, 1988).