{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/59.1-559.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/59.1-559.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/59.1-559.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/59.1-559.html"}],"law_id":76769,"edition_id":1,"section_id":76769,"structure_id":15789,"section_number":"59.1-559","catch_line":"Independent audit required; submission to Department","history":"2016, cc. 318, 703.","full_text":"A registered operator shall (i) annually contract with a certified public accountant to conduct an independent audit, consistent with the standards accepted by the Board of Accountancy; (ii) annually contract with a testing laboratory recognized by the Department to verify compliance with the provisions of subsection D of \u00a7 59.1-557; and (iii) submit to the Department a copy of the (a) audit report and (b) report of the testing laboratory as required by clause (ii).","order_by":null,"text":{"0":{"id":275688,"text":"A registered operator shall (i) annually contract with a certified public accountant to conduct an independent audit, consistent with the standards accepted by the Board of Accountancy; (ii) annually contract with a testing laboratory recognized by the Department to verify compliance with the provisions of subsection D of \u00a7 59.1-557; and (iii) submit to the Department a copy of the (a) audit report and (b) report of the testing laboratory as required by clause (ii).","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15789,"edition_id":1,"name":"Fantasy Contests Act","identifier":"51","label":"chapter","depth":2,"order_by":1,"parent_id":12809,"metadata":{},"date_created":"2026-06-26 03:59:37","date_modified":"2026-06-26 03:59:37","permalink":{"id":262663,"object_type":"structure","relational_id":15789,"identifier":"51","token":"59.1\/51","url":"\/59.1\/51\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12809,"edition_id":1,"name":"Trade and Commerce","identifier":"59.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":259521,"object_type":"structure","relational_id":12809,"identifier":"59.1","token":"59.1","url":"\/59.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60848,"structure_id":15789,"section_number":"59.1-556","catch_line":"Definitions","url":"\/59.1-556\/","token":"59.1\/51\/59.1-556","metadata":false},{"id":81148,"structure_id":15789,"section_number":"59.1-557","catch_line":"Registration of fantasy contest operators required; 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This law was first created in 2016. The record of its establishment is cataloged in chapters 318<\/a> and 703<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":65371,"section_number":"59.1-565","catch_line":"Public inspection of information filed with Department; charges for production","order_by":null,"url":"\/59.1-565\/"}],"refers_to":[{"id":81148,"section_number":"59.1-557","catch_line":"Registration of fantasy contest operators required; application for registration; issuance of registration certificate; penalty","order_by":null,"url":"\/59.1-557\/"}],"permalink":{"id":262677,"object_type":"law","relational_id":76769,"identifier":"59.1-559","token":"59.1\/51\/59.1-559","url":"\/59.1-559\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/59.1-559\/","token":"59.1\/51\/59.1-559","dublin_core":{"Title":"Independent audit required; submission to Department","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-559","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A registered operator<\/span> shall (i) annually contract<\/span> with a certified public accountant to conduct an independent audit, consistent with the standards accepted by the Board of Accountancy; (ii) annually contract<\/span> with a testing laboratory recognized by the Department<\/span> to verify compliance with the provisions of subsection D of \u00a7 59.1-557<\/a>; and (iii) submit to the Department<\/span> a copy of the (a) audit report and (b) report of the testing laboratory as required by clause (ii).<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINDEPENDENT AUDIT REQUIRED; SUBMISSION TO DEPARTMENT (\u00a7 59.1-559)\n\nA registered operator shall (i) annually contract with a certified public\naccountant to conduct an independent audit, consistent with the standards\naccepted by the Board of Accountancy; (ii) annually contract with a testing\nlaboratory recognized by the Department to verify compliance with the provisions\nof subsection D of \u00a7 59.1-557; and (iii) submit to the Department a copy of the\n(a) audit report and (b) report of the testing laboratory as required by clause\n(ii).\n\nHISTORY: 2016, cc. 318, 703.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}