Ariz. Admin. Code § 19-2-B608
Current through Register Vol. 30, No. 25, June 21, 2024
Section R19-2-B608 - Annual Bond, Event Bond, ClaimsA. Annual bond under A.R.S. § 5-228(E). 1. The approval of a promoter's license is contingent upon deposit of the annual bond with the Department.2. Upon written request of the promoter, the Commission may release the promoter from the annual bond requirement, if the Commission determines that the promoter has satisfied all past obligations and is not planning additional events for that year.B. Event bond under A.R.S. § 5-229(B). 1. The Commission shall notify the promoter in writing of the imposition and amount of an event bond and the promoter shall deposit the bond with the Commission no later than 48 hours prior to the event. The Commission shall retain the event bond until the promoter has satisfied all obligations for the event, at which time the Commission shall return the bond to the promoter. 2. If an event is not held, the promoter shall notify the Commission, not later than 22 business days after the scheduled event, whether the promoter's obligations for the event have been satisfied, at which time the promoter's event bond can be returned.C. Commission claim. If a promoter fails to comply with payment of the attendance levy on gross receipts under R19-2-B607(D), the Commission shall notify the promoter and the Department. Notification to the promoter shall be made by registered or certified mail, return receipt requested, and shall state that: 1. The unpaid levy on gross receipts shall be paid within 10 business days from receipt of the notice; and2. If the payment is not received within the 10 business days, forfeiture proceedings against the bond may be initiated based on the Commission's determination of whether a promoter's obligations have been faithfully performed. D. The Department and Commission shall not release any bond for which a claim is pending.Ariz. Admin. Code § R19-2-B608
Amended by final rulemaking at 24 A.A.R. 445, effective 2/7/2018.