205 CMR 222.05 - Certification that Licensee Has Met Expenditure Requirement
(1) The Sports Wagering Licensee shall
certify to the Commission that it has made a capital investment in its project
of at least $7,500,000, and in accordance with an approved project
plan.
(2) Upon receipt of such
certification, the Commission or its representative may inspect the
construction pursuant to
205
CMR 222.04(1), and request
relevant plans, contracts, financing documents or additional records pursuant
to 205 CMR
222.04(2).
(3) The Commission may either approve or
disapprove the Sports Wagering Licensee's certification pursuant to
205
CMR 222.05(1). If the
Commission disapproves the Licensee's certification, the Commission will notify
the Licensee of the reasons for such disapproval.
Notes
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