N.Y. Comp. Codes R. & Regs. tit. 9 § 5122.2

Current through Register Vol. 46, No. 45, November 2, 2024

Section 5122.2 - Deposits into capital investments account

(a) Deposits . Each video gaming agent shall be responsible to deposit the portion of its vendor fee set forth in Tax Law section 1612(b)(1) daily into a segregated capital investments account restricted for the collection and authorized use of such funds.

(b) Account statements. Each agent shall provide monthly bank statements for the segregated capital investments account to the commission for independent verification of deposits and withdrawals from the account.

(c) Loss or theft. The commission is not responsible for the loss or theft of any money in any account to which capital investments funds are deposited.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 5122.2

Amended New York State Register November 24, 2021/Volume XLIII, Issue 47, eff. 11/24/2021