{"data":{"id":"us-tn/tenn.-code-ann.-4-51-309","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 4-51-309","heading":"Requirements for escrow account — Insurance — Cash-on-hand.","body":"(a) The board shall prescribe by rule:\n(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\n(2) Any insurance requirements for a licensee.\n(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.","path":["Title 4 State Government","Chapter 51 Tennessee Education Lottery Implementation Law","Part 3 Tennessee Sports Gaming Act"],"source_url":"https://archive.org/download/gov.tn.tca/release76.2021.05.21/gov.tn.tca.title.04.odt","current_through":"2021-05-21","vintage":"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2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or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","retrieved_at":"2026-09-17T21:52:17Z","sha256":"eb774877ac59e43521cff0fb5953d8a83a96ad73ece27e818e97b603414df15c","source_id":"us-tn","stale":true,"prev":"us-tn/tenn.-code-ann.-4-51-308","next":"us-tn/tenn.-code-ann.-4-51-310"},"notice":"GroundRules: Original legal text. Not legal advice."}