961 CMR, § 2.16 - Deposits of Lottery Revenues

(1) Each Sales Agent shall be required to establish a trust account at a bank that is a member of the New England Automated Clearing House Association (or its successor association). Said trust account shall be separate from all other deposit accounts maintained by the Sales Agent. Such trust account shall name the Sales Agent as a Trustee, and the Commission as sole beneficiary. Sales Agents are required to deposit into such trust account, on such terms as may be required by the Director, proceeds received by such Sales Agent from the sale of Lottery tickets. Sales Agents may be required to file with the Director periodic reports of their respective receipts and transactions in the sale of Lottery tickets in such form as may be required by the Director in accordance with instructions given to the Sales Agent(s) from time to time by the Director.

(2) Each Sales Agent is to keep current records of all his/her Lottery operations in conformity with the Law and 961 CMR 2.00. Each Sales Agent's Lottery operations and records shall be available for inspection and audit by representatives or agents of the Commission.

(3) Each Sales Agent shall account to the Lottery for all proceeds resulting from his/her sales of Lottery tickets within such time as specified by the Director. The Director may charge service fees for those Sales Agents who are delinquent in the payment of said proceeds.

(4) Each Sales Agent must make available at all lawful times during his/her normal business hours Lottery tickets for sale to the public in the place of business designated in his/her license.

(5) All tickets accepted by a Sales Agent from the Commission are deemed to have been purchased by said Sales Agent unless they are returned no later than the time announced by the Director or unless special permission is received from the Director.

Notes

961 CMR, § 2.16