§ 9-114
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/md/state-government/9-114A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–114.
(a)The Director may require any lottery agent granted a license to post either an appropriate surety bond, irrevocable letter of credit, or cash security deposit in the amount that the regulations of the Agency set.
(1)In lieu of a surety bond, irrevocable letter of credit, or cash security deposit, the Agency, at the discretion of the Director, may provide a blanket bond covering all or selected agents in accordance with the availability of bonds and the financial status of an individual or a corporation.
(2)A bond provided by the Agency shall be:
(i)provided at the agent’s expense; and
(ii)based upon a financial evaluation of the agent conducted by the Director.