(230 ILCS 15/5)
(from Ch. 85, par. 2305)
Raffles - manager - bond.
All operation of and the conduct
of raffles shall be under the supervision of a single raffles manager
designated by the organization. The manager shall give a fidelity bond in an
amount determined by the licensing authority in favor of the
organization conditioned upon his honesty in the performance of his duties.
Terms of the bond shall provide that notice shall be given in writing to the
licensing authority not less than 30 days prior to its cancellation. The
governing body of a local unit of government may waive this bond requirement by
including a waiver provision in the license issued to an organization under
this Act, provided that a license containing such waiver provision shall be
granted only by unanimous vote of the members of the licensed organization.
(Source: P.A. 91-357, eff. 7-29-99.)