N.Y. Comp. Codes R. & Regs. tit. 9 § 4821.7
Current through Register Vol. 46, No. 43, October 23, 2024
Before any bingo funds are expended for noncharitable purposes, the licensee organization shall utilize all other sources or potential sources of income to discharge such noncharitable and operating expenses ordinarily incurred. Only in such manner can the organization ensure a maximum availability of the net proceeds of bingo exclusively for application to the worthy causes and undertakings specified in the Bingo Licensing Law. Any licensee organization that is disbursing bingo funds for noncharitable purposes shall make such licensee organization's general fund and all other books and records available for examination by the commission or the municipal governing body or their representatives.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 4821.7