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Can you summarize CORS 44-40-107?
STATE LOTTERY DIVISION > Licenses.
Short Summary
This legal document governs the issuance, suspension, revocation, and renewal of licenses for lottery sales agents. It applies to persons, firms, associations, or corporations who want to become licensed sales agents for the lottery. The document specifies the requirements for obtaining a license, including financial responsibility, accessibility of the place of business, sufficiency of existing licenses, expected sales volume, character of the licensee, security and efficient operation of the lottery, and other matters necessary to protect the public interest and trust in the lottery. It also outlines the grounds for revocation, suspension, or non-renewal of a license, such as providing false information, conviction of gambling-related offenses, endangering the security of the lottery, and intentional refusal to pay a prize. The document further establishes procedures for the issuance, suspension, revocation, and renewal of licenses, including the involvement of a three-member panel in cases involving felony convictions or convictions involving fraud. Certain individuals or entities are ineligible for a license as a sales agent, and licensed sales agents are required to keep records and comply with audit requirements. The document also addresses the costs of investigations, the determination of lottery sales agent locations, and the computation of rental payments for business premises. Failure to comply with the document’s provisions may result in the revocation or suspension of a license.
Whom does it apply to?
Persons, firms, associations, or corporations who want to become licensed sales agents for the lottery
What does it govern?
Licenses for lottery sales agents
What are exemptions?
Certain individuals or entities are ineligible for a license as a sales agent, including those who exclusively engage in business as a lottery sales agent, those convicted of gambling-related offenses, professional gamblers or gambling promoters, individuals engaged in illegal gambling activities, individuals not of good character and reputation in their community, individuals convicted of crimes involving misrepresentation, firms or corporations in which ineligible individuals have an interest, and organizations in which ineligible individuals are officers, directors, or managing agents.
What are the Penalties?
Revocation or suspension of license for various causes, including providing false information, conviction of gambling-related offenses, endangering the security of the lottery, no longer being consistent with the public interest and trust in the lottery, intentional refusal to pay a prize, change of business location, insufficient sales volume, delinquency in remitting money owed to the lottery, violation of lottery laws or rules, or conviction of any felony.
Jurisdiction
Colorado