Fantasy Contest Act; registration requirements. (HB2617)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Fantasy Contest Act; registration requirements. Allows the Department of Agriculture and Consumer Services (the Department) to set fantasy contest operator registration and renewal fees not to exceed (i) $5,000 for any applicant with annual gross receipts from the operation of fantasy contests in Virginia of not greater than $250,000 in the most recently completed fiscal year, (ii) $20,000 for any applicant with annual gross receipts from the operation of fantasy contests in Virginia of greater than $250,000 but not greater than $500,000 in the most recently completed fiscal year, or (iii) $40,000 for any applicant with annual gross receipts from the operation of fantasy contests in Virginia of greater than $500,000 in the most recently completed fiscal year. Under current law, every registration must be accompanied by an initial registration fee set by the Department. The bill changes the annual consumer protection testing and financial audit requirements for registrants to a single test conducted within the first year of operation and financial audits at the request of the Department. Read the Bill »
Outcome
History
| Date | Action |
|---|---|
| 01/09/2019 | Committee |
| 01/09/2019 | Presented and ordered printed 19104196D |
| 01/09/2019 | Referred to Committee on General Laws |
| 01/17/2019 | Referred from General Laws |
| 01/17/2019 | Referred to Committee on Rules |
| 01/21/2019 | Impact statement from DPB (HB2617) |
| 01/31/2019 | Stricken from docket by Rules (16-Y 0-N) (see vote tally) |