N.Y. Comp. Codes R. & Regs. tit. 9 § 4821.17

Current through Register Vol. 46, No. 43, October 23, 2024

Section 4821.17 - Notification and expenditure of funds after cessation of bingo

An organization's chief officer shall notify the commission and the municipality in writing of such organization's intent to cease the conduct of bingo. An organization that has ceased to conduct bingo for any reason and has unexpended bingo funds shall:

(a) disburse said funds for lawful purposes within a period of one year after the cessation of the conduct of bingo; or

(b) disburse said funds in accordance with a plan of expenditure approved in advance by the commission.

Upon the final disbursement of such funds, the organization shall submit to the commission and the municipality a final quarterly statement of bingo operations (BC-7Q) documenting the final disposition of such bingo funds.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 4821.17

Amended New York State Register June 2, 2021/Volume XLIII, Issue 22, eff. 6/2/2021