16 Tex. Admin. Code § 402.511

Current through Register Vol. 49, No. 48, November 29, 2024

Section 402.511 - Required Inventory Records

(a) A licensed authorized organization or unit shall maintain a perpetual inventory of:

(1) disposable bingo cards described in subsection (d) of this section; and

(2) pull-tab bingo tickets described in subsection (e) of this section.

(b) Each perpetual inventory shall account for all sold and unsold disposable bingo cards and pull-tab bingo tickets, as well as inventory items designated for destruction.

(c) The licensed authorized organization may be held responsible for the gross receipts and prizes associated with missing or unaccounted for disposable bingo cards and pull-tab bingo tickets.

(d) The perpetual inventory of disposable bingo cards shall contain:

(1) organization's or unit's name and taxpayer number;

(2) serial and series number and the color of the paper or border (For UPS pad, use the top sheet for obtaining color, serial and series numbers.);

(3) number of faces (ON) and number of sheets (UP);

(4) number of sheets or UPS pads for each serial and series number remaining after each occasion;

(5) occasion date(s) the paper was used;

(6) number of sheets or packs sold, missing or damaged by date; and

(7) initials of person entering the information per occasion.

(e) The perpetual inventory of pull-tab bingo tickets shall contain:

(1) organization's or unit's name and taxpayer number;

(2) form number;

(3) serial number;

(4) number of tickets per deal;

(5) number of tickets sold, missing, or damaged by occasion date;

(6) number of pull-tab tickets remaining if the deal is closed; and

(7) occasion date(s) the pull-tab tickets were sold.

(f) The Commission shall provide a form for maintaining perpetual inventory. A license authorized organization may, but is not required to use the form.

16 Tex. Admin. Code § 402.511

The provisions of this §402.511 adopted to be effective April 15, 2008, 33 TexReg 2956; Amended by Texas Register, Volume 41, Number 31, July 29, 2016, TexReg 5536, eff. 8/1/2016; Amended by Texas Register, Volume 44, Number 52, December 27, 2019, TexReg 8303, eff. 1/2/2020; Amended by Texas Register, Volume 45, Number 42, October 16, 2020, TexReg 7418, eff. 10/22/2020