§ 59.1-563. Fees and charges
All fees, charges, and monetary penalties collected by the Department as provided in this chapter shall be paid into a special fund of the state treasury. Such funds shall be used to finance the administration and operation of this chapter. 2016, cc. 318, 703.
§ 59.1-557. Registration of fantasy contest operators required; application for registration; issuance of registration certificate; penalty
A. No fantasy contest operator shall offer any fantasy contest in the Commonwealth without first being registered with the Department. Applications for registration shall be on forms prescribed by the Department. Any registration issued by the Department shall be valid for one year from the date of issuance. B. The application for registration submitted by […]
§ 59.1-558. Issuance of registration; denial of same
A. The Department shall consider all applications for registration and shall issue a valid registration to an applicant that meets the criteria set forth in this chapter. B. The Department shall deny registration to any applicant unless it finds that: 1. If the corporation is a stock corporation, such stock is fully paid and nonassessable […]
§ 59.1-559. Independent audit required; submission to Department
A registered operator shall (i) annually contract with a certified public accountant to conduct an independent audit, consistent with the standards accepted by the Board of Accountancy; (ii) annually contract with a testing laboratory recognized by the Department to verify compliance with the provisions of subsection D of § 59.1-557; and (iii) submit to the […]
§ 59.1-556. Definitions
As used in this chapter, unless the context requires otherwise: “Confidential information” means information related to the play of a fantasy contest by fantasy contest players obtained as a result of or by virtue of a person’s employment. “Department” means the Department of Agriculture and Consumer Services. “Entry fee” means cash or cash equivalent that […]