Section 30-1411. DISBURSEMENT OF BINGO RECEIPTS

 

1411.1All gross receipts from each bingo operation, less the amount awarded as cash prizes, shall be deposited in a separate bingo bank account by the end of the next business day following the date of each bingo operation; Provided, that for recreational bingo played under a Class D license all gross receipts from each bingo operation must be paid out for prizes and for expenses pursuant to §§ 1408.3, 1412.1, and 1412.2.

 

1411.2Money shall be withdrawn from the bingo account for only the following:

 

(a)Payment of expenses in accordance with § 1411; and

 

(b)Disbursement from net proceeds for the lawful purpose stated in the application.

 

1411.3Use of gross receipts less prizes shall be completed pursuant to § 1411.2 within thirty (30) days of each bingo operation.

 

1411.4The licensed organization shall not commingle any funds derived from the operation of bingo with any other funds, except in compliance with § 1411.2.

 

1411.5If a licensed organization fails to renew its license to conduct bingo or its license is suspended or revoked, the licensed organization shall immediately distribute all net proceeds pursuant to § 1411.2.

 

 

authority

Section 4 of the Law to Legalize Lotteries, Daily Numbers Games, and Bingo and Raffles for Charitable Purposes in the District of Columbia, effective March 10, 1981 (D.C. Law 3-172; D.C. Official Code §§ 3-1301 et seq.).

source

Final Rulemaking published at 29 DCR 5015 (November 12, 1982); as amended by Final Rulemaking published at 35 DCR 3788, 3809 (May 20, 1988).