PA 12-23—sHB 5182

Banks Committee

Public Safety and Security Committee

AN ACT CONCERNING A CHANGE REGARDING THE FINANCIAL SECURITY OF LOTTERY SALES AGENTS

SUMMARY: This act expands the types of security the Connecticut Lottery Corporation (CLC) president may require lottery sales agents to provide in order to ensure that the agents perform their duties to the corporation. Under prior law, the CLC president could only require them to provide surety bonds as proof of financial security. The act authorizes the CLC president to require surety bonds, letters of credit, or other forms of security she deems acceptable.

The agents' duties include selling lottery tickets and depositing the revenue, minus their compensation and the prize money, in a special account for lottery proceeds.

EFFECTIVE DATE: July 1, 2012

OLR Tracking: KGD: SN-E: JL: ro