16- 222 C.M.R. ch. 3, § 05

Current through 2024-51, December 18, 2024
Section 222-3-05 - Expenditures
A. The Licensee may pay as compensation to a member of the Licensee, who has been in good standing as such for at least two years previous to application, an amount not to exceed 200% of the minimum wage as established by Title 26, Chapter 7, Subchapter III, for advising, controlling and managing the conduct of Beano.

The Licensee may also pay as compensation to a member of the Licensee who has been in good standing for at least one year previous to application, an amount not to exceed 200% of the minimum wage as established by Title 26, Chapter 7, Subchapter III, for assisting in the conduct of Beano or Lucky Seven Games.

The Licensee may pay as compensation to any member or employee an amount not to exceed 200% of the minimum wage as established by Title 26, Chapter 7, Subchapter III, for janitorial services.

The Licensee may also pay reasonable amounts for the use of suitable premises, furniture and goods, wares, or merchandise to be given as prizes.

An amount not to exceed 200% of the minimum wage as established by Title 26, Chapter 7, Subchapter III, may be paid to members of the Licensee for conducting Lucky Seven Games as authorized by Section 324 S ubsection 3.

All such payments shall be made from the respective Beano and Games of Chance accounts and reported on the respective Beano and Games of Chance disposition of funds reports.

At no time shall the payments made pursuant to this rule exceed 20% of the net revenue after deducting expenses for prizes, license fees and any other direct expense.

B. If the Licensee has operated Beano on ten or more occasions during the preceding fiscal year and continues to operate Beano during the current fiscal year, or, if the Licensee intends to operate Beano on ten or more occasions, said Licensee shall, in addition to the other books and records required hereafter, maintain and keep a separate account of the type commonly known as a "Checking Account" in a reputable banking establishment. A Licensee maintaining such an account under these Rules and Regulations shall deposit, therein, within one week from the date an occasion was held, the gross receipts from its operation of Beano, and shall make any necessary expenditures entailed in its operation of the amusement from this account by check. No other use shall be made of this account. The licensee shall maintain in the checking account an amount sufficient to cover all the checks written for each occasion.

16- 222 C.M.R. ch. 3, § 05