Connecticut Seal

General Assembly

 

Substitute Bill No. 5182

    February Session, 2012

 

*_____HB05182PS____041112____*

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

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subsection (c) of section 12-813 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2012):

(c) The president may [impose surety bonding requirements on lottery sales agents] require lottery sales agents to provide surety bonds, letters of credit or such other form of security as the president deems acceptable to ensure the performance of such agents' duties and obligations to the corporation.

This act shall take effect as follows and shall amend the following sections:

Section 1

July 1, 2012

12-813(c)

BA

Joint Favorable Subst.-LCO

 

PS

Joint Favorable