La. Admin. Code tit. 42 § I-1727
Current through Register Vol. 50, No. 11, November 20, 2024
Section I-1727 - Value of PrizesA. When merchandise is awarded as a prize in a game, its value shall be determined by its cost to the licensee or if donated, the fair market value. The fair market value of donated merchandise prizes may not be reported as an expenditure in financial statement.La. Admin. Code tit. 42, § I-1727
Promulgated by the Department of Public Safety and Corrections, Office of State Police, LR 13:102 (February 1987).AUTHORITY NOTE: Promulgated in accordance with R.S. 33:4861.17.