Rule 3.4 Deposits

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Each participating organization is required to submit a security deposit of $300 to the Sweepstakes Advisor or the Sweepstakes Chairman before the first scheduled freeroll practice during the fall semester of the school year.

The first $100.00 of this deposit will be used to cover any fines that an organization may incur during the course of the school year. The remaining $200.00 will be used to cover any extraordinary expenses incurred due to any incidents that may occur during push practices or freeroll practices which may require compensation to people not participating in Sweepstakes, such as damage to cars driving on the buggy course or damage to other private property. This $200.00 will also be used to cover any similar expenses which are not attributable to any single organization.

If an organization’s deposit for fines ($100) is reduced to less than $50.00, an additional $100.00 deposit must be submitted by that organization before they will be permitted to participate in any subsequent freeroll practices or push practices. If an organization’s deposit for extraordinary expenses is reduced to less than $100.00, an additional $200.00 deposit must be submitted by that organization before they will be permitted to participate in any subsequent freeroll practices or push practices.

By the day before the preliminary races are scheduled, each organization shall submit, if necessary, an additional security deposit such that their total security deposit at that time, shall be at least $200.00. If an organization’s deposit is less than $200.00 on the day that the races are scheduled, they will not be permitted to participate in the races.

After all Sweepstakes activities have concluded for the year, each organization will be refunded its deposit balance. An organization shall receive the full amount they paid in deposits over the year, minus fines. No organization shall be reimbursed any more than the dollar amount they paid in deposits over the year. Deposit funds shall be returned either by check or account credit, depending on the method of original payment.