N.Y. Comp. Codes R. & Regs. tit. 9 § 4821.10

Current through Register Vol. 46, No. 36, September 4, 2024

Section 4821.10 - Purposes of withdrawal

Monies withdrawn from the special bingo account shall only be for one or more of following purposes:

(a) the payment of necessary and reasonable expenses incurred in connection with the conduct of bingo, which shall consist of bingo supplies and equipment, rent if premises where bingo is conducted are rented, bookkeeping or accounting services according to the schedule of compensation prescribed by the commission, janitorial services and utility supplies, license fees, and the cost of bus transportation, if authorized by the commission;

(b) the disbursement of net proceeds derived from the conduct of bingo for one or more of the lawful purposes defined in the Bingo Licensing Law and this Chapter, regulations and bulletins of the commission;

(c) the transfer of net proceeds derived from the conduct of bingo into one or more interest- bearing accounts, pending a disbursement for one or more of the lawful purposes defined in the Bingo Licensing Law and this Chapter, regulations and bulletins of the commission.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 4821.10