99D.10 Bond of licensee.
A licensee licensed under section 99D.9, including a licensee issued a license subject to the requirements of section 99D.9C, shall post a bond to the state of Iowa before the license is issued in a sum as the commission shall fix, with sureties to be approved by the commission. The bond shall be used to guarantee that the licensee faithfully makes the payments, keeps its books and records and makes reports, and conducts its racing in conformity with sections 99D.6 through 99D.23 and the rules adopted by the commission. The bond shall not be canceled by a surety on less than thirty days’ notice in writing to the commission. If a bond is canceled and the licensee fails to file a new bond with the commission in the required amount on or before the effective date of cancellation, the licensee’s license shall be revoked. The total and aggregate liability of the surety on the bond is limited to the amount specified in the bond.
83 Acts, ch 187, §10; 2014 Acts, ch 1126, §5
Referred to in §99D.9, 99D.9C
Structure Iowa Code
Title III - PUBLIC SERVICES AND REGULATION
Chapter 99D - PARI-MUTUEL WAGERING
Section 99D.3 - Scope of provisions.
Section 99D.4 - Pari-mutuel wagering legalized.
Section 99D.5 - Creation of state racing and gaming commission.
Section 99D.6 - Headquarters, meetings, and election of chairperson — administrator — employees.
Section 99D.8 - Horse or dog racing licenses — applications.
Section 99D.8A - Requirements of applicant — penalty — consent to search.
Section 99D.9 - Licenses — terms and conditions — revocation.
Section 99D.9A - Dog racetrack licensure — discontinuance of live racing requirement — fees.
Section 99D.9B - Iowa greyhound pari-mutuel racing fund.
Section 99D.10 - Bond of licensee.
Section 99D.13 - Unclaimed winnings — appropriation.
Section 99D.14 - Race meetings — tax — fees — tax exemption.
Section 99D.15 - Pari-mutuel wagering taxes — rate — credit.
Section 99D.16 - Withholding tax on winnings.
Section 99D.17 - Use of funds.
Section 99D.19 - Licensees — records, reports, supervision — confidentiality.
Section 99D.20 - Audit of licensee operations.
Section 99D.21 - Annual report of commission.
Section 99D.22 - Native horses or dogs.
Section 99D.23 - Commission veterinarian and chemist.
Section 99D.24 - Prohibited activities — penalty.
Section 99D.25 - Drugging or numbing — exception — tests — reports — penalties.
Section 99D.25A - Administration of furosemide or phenylbutazone.
Section 99D.26 - Forfeiture of property.