20:18:35:35Form of reserve.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Rulemaking activity
- South Dakota Commission on Gaming amendment of Administrative Rules and RegulationsEffective
- Gaming Rule ChangesEffective
- Gaming RulesEffective
- Racing Rules - Changes Gaming Rules - ChangesEffective
- Gaming RulesEffective
The reserve must be in the form of: (1) Cash or cash equivalents maintained in a U.S. bank account segregated from the licensee's or sports wagering services provider’s operational funds; (2) An irrevocable letter of credit; (3) A bond; (4) Payment processor reserves and receivables; (5) Any other form acceptable to the commission pursuant to internal control procedures; or (6) Any combination of the allowable forms described in paragraphs (1) to (6).
Source: 48 SDR 14, effective August 22, 2021.