Form L-2066 - Bingo Revenue Bond
ADVERTISEMENT
1STATE OF SOUTH CAROLINA
1350
1350
DEPARTMENT OF REVENUE
L-2066
(Rev. 10/15/08)
BINGO REVENUE BOND
4146
The State of South Carolina
Bond No.
This is an agreement between
of
,
South Carolina, (the Principal) and
(the Surety), whereby, for
consideration given, the Surety agrees to undertake the Principal's obligation to pay to the South Carolina Department of
Revenue, on behalf of the State of South Carolina, the sum of $
, lawful money of the United States of
America, for the payment of all State fees, interest, penalties, fines and warrant costs that may become due to the South
Carolina Department of Revenue by reason of activity involving the manufacture or distribution of bingo cards, or the
sponsorship or promotion of bingo games, for which the Principal is licensed pursuant to Title 12, Code of Laws of South
Carolina, as amended. The Surety's obligation shall begin as of the date of this bond.
THE FOLLOWING EXPRESS CONDITIONS GOVERN THIS BOND:
A.
The aggregate liability of the Surety for any and all claims, suits or actions under this bond shall not exceed the
sum of the bond set forth above.
B.
Notice of fees, interest, penalties, fines and warrant costs covered by this bond must be delivered to the Surety at its
home office _____________________________ or its duly constituted agents within the city of _____________, South
Carolina, within 60 days after the assessment of such fees, interest, penalties, fines and warrant costs becomes final,
or within 60 days after any protest, appeal or litigation is exhausted, whichever is later.
C.
Payment must be received by the South Carolina Department of Revenue within 60 days of notice given pursuant to
paragraph B above.
TERMINATION OF THE SURETY'S LIABILITY:
A.
The Surety's liability shall terminate 30 days after receipt by the South Carolina Department of Revenue of written
notice from the Surety of its desire to terminate further liability, with written acknowledgement by the South Carolina
Department of Revenue. However, liability arising from conduct that occurs while the bond is in effect and before
termination shall continue unless limited by Section 12-54-85, S.C. Code Ann., as amended (statute of limitations).
B.
In the alternative, the Surety's liability shall terminate on receipt of written notice by the South Carolina Department of
Revenue terminating the same. However, liability arising from conduct that occurs while the bond is in effect and
before termination shall continue unless limited by Section 12-54-85, S.C. Code Ann., as amended (statute of
limitations).
The bond is therefore issued and may be due under the provisions of Title 12, Code of Laws of South Carolina, as
amended, and the Principal and the Surety bind themselves, their heirs, executors, administrators, successors and
assigns by the terms of this agreement.
SIGNED AND SEALED THIS
DAY OF
, 20
.
Principal
Surety
By
By
Witness as to Principal
Witness as to Surety
Witness as to Principal
Witness as to Surety
41461013
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