Code of Maryland Regulations
Title 36 - MARYLAND STATE LOTTERY AND GAMING CONTROL AGENCY
Subtitle 10 - SPORTS WAGERING PROVISIONS
Chapter 36.10.02 - All Applicants and Licensees - Applications and Investigations
Section 36.10.02.14 - Bonds
Universal Citation: MD Code Reg 36.10.02.14
Current through Register Vol. 51, No. 19, September 20, 2024
A. The Commission may require an applicant or licensee to obtain a performance bond before the Commission issues or renews a license.
B. The performance bond shall:
(1) Be for the benefit of the State for the
faithful performance of the requirements imposed by State Government Article,
Title 9, Subtitle 1E, Annotated Code of Maryland, and Commission regulations;
and
(2) Identify the Agency as the
obligee.
C. If a performance bond is required for a license, the Commission may not issue or renew a license unless it has:
(1) Exempted
the applicant or licensee from the performance bond requirement; or
(2) Received satisfactory documentation of
the performance bond.
D. The Commission may apply a performance bond to the payment of an unpaid liability of the applicant or licensee to the Agency and the State.
E. Performance bond amounts and exemptions are specified in regulations that pertain to a specific license.
Disclaimer: These regulations may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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