Ariz. Admin. Code § 15-7-232

Current through Register Vol. 30, No. 50, December 13, 2024

Section R15-7-232 - Bingo Bank Accounts

A. A licensee shall maintain only one, federally insured checking account for bingo purposes. The licensee shall maintain sufficient funds in the bingo checking account to cover all checks written. A licensee shall not stop payment on any prize check without first notifying the Department.

B. A licensee may establish interest-bearing accounts that are federally insured. If the licensee transfers funds from an interest bearing account, the licensee shall directly transfer the funds into the bingo checking account before making any expenditure.

Ariz. Admin. Code § R15-7-232

Adopted effective June 5, 1984 (Supp. 84-3). Amended effective April 25, 1986 (Supp. 86-2). Amended effective December 22, 1989 (Supp. 89-4). Amended by final rulemaking at 9 A.A.R. 4186, effective November 8, 2003 (Supp. 03-3).