Tenn. Comp. R. & Regs. 1350-05-.14 - EXECUTIVE DIRECTOR OF THE SPORTS WAGERING COUNCIL
The Executive Director shall have the following duties with regard to the Fantasy Sports Act, in addition to the duties set forth in the Rules related to the Sports Gaming Act.
(1) To advise the Council of best practices
with respect to the Council's regulatory responsibilities pursuant to the
Fantasy Sports Act.
(2) To provide
administrative and technical assistance to the Council and to administer all
programs and functions that have been required of the Council or as set forth
in the Rules of the Council, including this Chapter 1350-05.
(3) To send and receive notices required to
be made to the Council or communications made on behalf of the Council, which
may be sent to or issued from the Executive Director as agent of the
Council.
(4) To approve, condition,
or deny applications for initial licensure and renewal of licensure submitted
by Fantasy sports operators.
(5) To
review, approve or deny the arrangements proposed by Fantasy sports operators
pursuant to Rule
1350-05-.08(2)
for reserves, special purpose segregated accounts, and qualified escrow
accounts.
(6) To review independent
audits submitted by Fantasy sports operators and determine whether such audits
demonstrate a Fantasy sports operator's compliance with the Fantasy Sports Act
and this Chapter 1350-05.
(7) To
review, approve or deny entities seeking to provide compliance audit services
pursuant to Rule
1350-05-.11(2)(b).
(8) To provide information to the Department
of Revenue to assist in the administration and collection of taxes applicable
to Fantasy sports operators.
(9) To
address player complaints or to assign the investigation of player complaints
to a staff designee.
(10) To
investigate suspected or reported violations of the Fantasy Sports Act and this
Chapter 1350-05, to make evaluations as necessary to determine if Fantasy
sports operators are complying with the Fantasy Sports Act and this Chapter
1350-05, and to issue subpoenas to compel the attendance of witnesses and the
production or relevant books, accounts, records, and documents on behalf of the
Council. The Executive Director shall recommend appropriate fines or civil
penalties to the Council, or may issue appropriate fines or civil penalties on
behalf of the Council upon written delegation of authority by the Chairman of
the Council. The Executive Director may refer suspected and reported violations
of the Fantasy Sports Act, or other state or federal laws, to law enforcement,
as appropriate.
(11) To carry out
any delegation of authority, as may be received in writing from the Chairman of
the Council, from time to time, as exigent circumstances may require.
(12) To carry out any other duties as
prescribed or instructed by the Council.
Notes
Authority: T.C.A. ยงยง 4-49-105, 4-49-204, 4-49-208, and 4-49-212.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.