606.1 Unless annuitized payments are authorized by this title, prizes shall be paid in a single cash payment.

606.2 The Agency may elect to fund annuitized prize payments directly, through purchase of annuities or by other means.

606.3 Except as otherwise provide in Chapter 9 of this title, annuitized prizes shall be paid annually in thirty (30) payments with the initial payment being made in cash or check, to be followed by twenty-nine (29) payments funded by the annuity. All annuitized prizes shall be paid annually in thirty (30) graduated payments (increasing each year) by a rate as determined by the Executive Director. Prize payments may be rounded down to the nearest one thousand dollars ($ 1,000).

606.4 The initial payment of an annuitized prize may be delayed for up to thirty (30) calendar days following the final determination by the Executive Director that the claim is valid.

SOURCE: Final Rulemaking published at 39 DCR 7439, 7447 (October 2, 1992); as amended by Final Rulemaking published at 40 DCR 6959, 6960 (October 1, 1993) and 50 DCR 1526 (February 14, 2003); as amended by Boards, Commissions, and Agencies published at 50 DCR 10654 (December 12, 2003); as amended by Proposed Rulemaking published at 52 DCR 7224 (August 5, 2005); as amended by Notice of Final Rulemaking published at 56 DCR 73 (January 2, 2009).

HISTORICAL NOTE: Prior to October 2, 1992, the D.C. Lottery and Charitable Games Control Board published Final Rulemaking at 29 DCR 2202, 2211 (May 28, 1982).