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Can you summarize 12 CTGS 571?
Gaming Policy, Regulation and Revenue - Secs. 12-557 to 12-578bb > Sale of off-track betting systems. Regulation of off-track betting systems.
Short Summary
This legal document governs the sale of off-track betting systems and the regulation of such systems. It authorizes the Commissioner of Consumer Protection to enter into negotiations for the sale of the off-track betting system, including its assets, liabilities, and the right to operate the system. The contract of sale grants the purchaser the authority to establish and conduct a system of off-track betting on races held within or outside the state. The proceeds from the sale are to be deposited as specified in section 39 of public act 93-332. Until the transfer of ownership is complete, the commissioner is responsible for establishing and conducting off-track betting systems. The document declares that off-track betting on races conducted under the administration or regulatory authority of the department is lawful, overriding any other laws prohibiting or restricting lotteries, bookmaking, or gambling. The purpose of this chapter is to generate revenue for the support of state government and to prevent illegal bookmaking and betting on races. The commissioner is also required to adopt rules and regulations governing the permitted methods of operation of the off-track betting system. The effective date of transfer of ownership of the off-track betting system is specified as June 30, 1993.
Whom does it apply to?
Commissioner of Consumer Protection, person or business organization negotiating for the sale of the off-track betting system
What does it govern?
Sale of off-track betting systems, regulation of off-track betting systems
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Connecticut