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Session Laws, 2007, Special Session
Volume 804, Page 135   View pdf image
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Martin O'Malley, Governor

Ch. 4

(6)       DEFINING AND LIMITING THE AREAS OF OPERATION FOR
VIDEO LOTTERY TERMINALS. RULES OF VIDEO LOTTERY TERMINALS. ODDS FOR
VIDEO LOTTERY TERMINALS. THE TYPES AND VALUES OF PROMOTIONAL ITEMS
THAT MAY BE GIVEN AWAY TO ENCOURAGE PLAY OF VIDEO LOTTERY TERMINALS.
AND THE METHOD OF OPERATION OF THE VIDEO LOTTERY TERMINALS;

(7)      REGULATING THE PRACTICE AND PROCEDURES FOR
NEGOTIABLE TRANSACTIONS INVOLVING PLAYERS, INCLUDING LIMITATIONS ON
THE CIRCUMSTANCES AND AMOUNTS OF NEGOTIABLE TRANSACTIONS AND THE
ESTABLISHMENT OF FORMS AND PROCEDURES FOR NEGOTIABLE INSTRUMENT
TRANSACTIONS, REDEMPTIONS, AND CONSOLIDATIONS;

(8)       PRESCRIBING THE GROUNDS AND PROCEDURES FOR
REPRIMANDS OF LICENSEES OR THE REVOCATION OR SUSPENSION OF LICENSES
ISSUED UNDER THIS SUBTITLE;

(9)       GOVERNING THE MANUFACTURE. DISTRIBUTION, SALE, AND
SERVICING OF VIDEO LOTTERY TERMINALS;

(10)    ESTABLISHING THE PROCEDURES. FORMS, AND METHODS OF
MANAGEMENT CONTROLS;

(11)    PROVIDING FOR MINIMUM UNIFORM STANDARDS OF
ACCOUNTANCY METHODS, PROCEDURES, AND FORMS AS ARE NECESSARY TO
ASSURE CONSISTENCY, COMPARABILITY. AND EFFECTIVE DISCLOSURE OF ALL
FINANCIAL INFORMATION, INCLUDING PERCENTAGES OF PROFIT FOR VIDEO
LOTTERY TERMINALS;

(12)    ESTABLISHING PERIODIC FINANCIAL REPORTS AND THE FORM
OF THE REPORTS, INCLUDING AN ANNUAL AUDIT PREPARED BY A CERTIFIED
PUBLIC ACCOUNTANT LICENSED TO DO BUSINESS IN THE STATE. DISCLOSING
WHETHER THE ACCOUNTS, RECORDS, AND CONTROL PROCEDURES EXAMINED
ARE MAINTAINED BY THE VIDEO LOTTERY OPERATION LICENSEE AS REQUIRED
BY THIS SUBTITLE AND THE REGULATIONS THAT SHALL BE ISSUED UNDER THIS
SUBTITLE;

(13)    REQUIRING LICENSEES UNDER THIS SUBTITLE TO
DEMONSTRATE AND MAINTAIN FINANCIAL VIABILITY;

(14)    ENSURING THAT THE OPERATION OF VIDEO LOTTERY
TERMINALS AND VIDEO LOTTERY FACILITIES IS CONDUCTED LEGALLY; AND

-135-

 

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Session Laws, 2007, Special Session
Volume 804, Page 135   View pdf image
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