Md. Code Regs. 01.02.07.09

Current through Register Vol. 51, No. 22, November 1, 2024

Section 01.02.07.09 - Use of Proceeds

Except as otherwise expressly authorized in these regulations:

A. All proceeds from a raffle of real property shall be received by the charitable organization conducting the raffle and, after payment of the reasonable costs and expenses related to the raffle, may only be used by the charitable organization in furtherance of its charitable purposes; and

B. No other person or group of persons may benefit financially from, receive, or be paid any of the proceeds from the raffle.

Md. Code Regs. 01.02.07.09