D.C. Mun. Regs. tit. 30, r. 30-1411

Current through Register Vol. 71, No. 44, November 1, 2024

Rule 30-1411 - DISBURSEMENT OF BINGO RECEIPTS

1411.1

All gross receipts from each bingo operation, less the amount awarded as cash prizes, shall be deposited in a separate bingo bank account by the end of the next business day following the date of each bingo operation; Provided, that for recreational bingo played under a Class D license all gross receipts from each bingo operation must be paid out for prizes and for expenses pursuant to §§ 1408.3, 1412.1, and 1412.2.

1411.2

Money shall be withdrawn from the bingo account for only the following:

(a) Payment of expenses in accordance with § 1411; and

(b) Disbursement from net proceeds for the lawful purpose stated in the application.

1411.3

Use of gross receipts less prizes shall be completed pursuant to § 1411.2 within thirty (30) days of each bingo operation.

1411.4

The licensed organization shall not commingle any funds derived from the operation of bingo with any other funds, except in compliance with § 1411.2.

1411.5

If a licensed organization fails to renew its license to conduct bingo or its license is suspended or revoked, the licensed organization shall immediately distribute all net proceeds pursuant to § 1411.2.

D.C. Mun. Regs. tit. 30, r. 30-1411

Prior to May 20, 1988, the D.C. Lottery and Charitable Games Control Board published Final Rulemaking at 29 DCR 5016, 5028 (November 12, 1982); Final Rulemaking published at 35 DCR 3788, 3809 (May 20, 1988).