Section 15 AAC 160.810 - Net proceeds(a) A permittee or an operator may not pay a person for services rendered to conduct gaming activities or pay gaming prizes or expenses from the net proceeds.(b) A permittee shall keep a detailed record of disbursements from the net proceeds for three years after the record was made.(c) A permittee that dedicates net proceeds to a scholarship for education may only award the scholarship to a resident of the state or to a person who will use the scholarship in the state.(f) A permittee that dedicates or otherwise transfers net proceeds to another organization must take steps to ensure that the net proceeds are spent in accordance with AS 05.15.150.Eff. 7/30/94, Register 131; am 11/10/96, Register 140; am 1/1/2003, Register 164As of Register 165 (April 2003), the regulations attorney made a technical revision under AS 44.62.125(b)(6), to 15 AAC 160.810(c).
Authority:AS 05.15.060
AS 05.15.150