Tennessee · Snapshot Tennessee Code Release 76 (2021-05), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended · Newer source version available

Tenn. Code Ann. § 4-51-309: Requirements for escrow account — Insurance — Cash-on-hand.

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Where this section sits in the code

Title 4 State Government
Chapter 51 Tennessee Education Lottery Implementation Law
Part 3 Tennessee Sports Gaming Act

(a) The board shall prescribe by rule:

(1) The amount of a bond in escrow and the amount of cash that must be kept on hand to ensure that there exists adequate reserves to pay off bettors; and

(2) Any insurance requirements for a licensee.

(b) The licensee may maintain the bond at any bank lawfully operating in this state, and the licensee must be the beneficiary of any interest accrued thereon.

Collected 2026-09-17T21:52:17Z. Source file · JSON

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