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Can you summarize 12 RCSA 568a-17?
Operation of Lottery (Department of Consumer Protection) > Requirements of the CLC
Short Summary
This document outlines the requirements of the Connecticut Lottery Corporation (CLC) as governed by the Connecticut Administrative Code. The CLC is required to obtain the department’s approval for all new lottery game designs, procedures, and working papers to ensure the integrity of the games. The CLC is also responsible for providing all necessary records, reports, documents, policies, and procedures to the department. Additionally, the CLC must provide monthly payroll listings and organizational charts, as well as notify the department of any changes in key personnel. The department has the authority to approve annuity providers and determine the financial stability of such providers. The CLC is responsible for reimbursing the department for regulatory oversight costs and providing suitable office space for department personnel. The CLC and its vendors must retain business records for a minimum of five years. The department has the right to access and inspect CLC facilities, files, books, and records. The CLC must notify the department of changes in lottery sales agent licenses and provide accounting of delinquent agents. Acceptance testing and approval by the department are required for any modifications to the lottery gaming system. The CLC must maintain separate accounting of unclaimed prize funds and provide quarterly reports to the department. The CLC is responsible for tax withholding and reporting, and the department has the right to inspect related records and filings. If subject to federal gaming occupation tax, the CLC must meet all requirements and hold others harmless from penalties or interest. The CLC must designate contact personnel for accounting and reporting, provide contact information for financial consultants, certified public accountants, and law firms, and disclose odds of winning in advertisements and game descriptions. The CLC must internally balance and reconcile the lottery gaming system and provide reports to the department. Upon request, the CLC must provide relevant documents or executed contracts to the commissioner. This document was last amended on April 13, 2021.
Whom does it apply to?
Connecticut Lottery Corporation (CLC)
What does it govern?
Operation and management of the Connecticut Lottery Corporation (CLC)
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Connecticut