10 Del. Admin. Code § 103-12.0

Current through Register Vol. 28, No. 7, January 1, 2025

Section 103-12.0 - Reports After the Function

12.1 Within 30 days of the last day of the function, the member-in-charge shall submit a report to the Board that includes all information required by Title 28 of the Delaware Code.

12.2 When no function is held on a date a licensee is authorized to hold such a function, a report to that effect shall be filed with the Board.

12.3 If a licensee fails to timely file a report or if a report is not properly verified, no further license shall be issued to the licensee and any existing licensee shall be suspended until such time as the deficiency has been corrected.

12.4 For functions and games where all prizes are not awarded on a single day, the sponsoring organization shall submit an interim report to the Board, on a form approved by the Board, every 30 days from the first day of the function or game accounting for the safekeeping of prizes and money not yet awarded.

12.4.1 In the interim report the member-in-charge shall attest that all unawarded prizes are secured in a manner consistent with that disclosed in the sponsoring organization's application and approved by the Board.

12.4.2 In the interim report the member-in-charge shall attest that all money not yet awarded is held in a separate account in a federally insured banking institution that has offices in Delaware.

12.4.2.1 The account shall be designated solely for funds held in connection with the sponsoring organization's charitable gaming;

12.4.2.2 The account shall be identified to the Board at the time of the sponsoring organization's application;

12.4.2.3 The member-in-charge shall be a signatory on the account;

12.4.2.4 Except for the minimum balance required by the bank and money to cover bank fees, the account shall be used only for the purpose of complying with this regulation;

12.4.2.5 Any interest earned must be applied to the costs associated with maintaining the account or to increase proportionally the prize fund. The method for allocating interest shall be disclosed in the house rules for the function or game.

10 Del. Admin. Code § 103-12.0

2 DE Reg. 1224 (01/01/99)
11 DE Reg. 516 (10/01/07)
13 DE Reg. 107 (07/01/09)
16 DE Reg. 219 (08/01/12)
28 DE Reg. 391 (11/1/2024) (Final)