Statutes, codes, and regulations
Washington Administrative Code
Title 315 - Lottery Commission
Chapter 315-06 - General lottery rules
Section 315-06-115 - Overlapping draw game sales in consecutive fiscal years

Wash. Admin. Code § 315-06-115

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Current through Register Vol. 24-21, November 1, 2024
Section 315-06-115 - Overlapping draw game sales in consecutive fiscal years

When the sales for a draw game jackpot overlap two fiscal years, any fiscal reporting discrepancy between the statutory requirement that payment of prizes not be less than forty-five percent of gross annual revenue and the preparation of an annual financial statement using generally accepted accounting principles shall be explained in a footnote to the financial statements.

Wash. Admin. Code § 315-06-115

Statutory Authority: RCW 67.70.040. 08-11-043, § 315-06-115, filed 5/14/08, effective 6/14/08; 89-17-021 (Order 118), § 315-06-115, filed 8/7/89, effective 9/7/89.