Section 30-1506. DISBURSEMENT OF RAFFLE RECEIPTS

 

1506.1A licensed organization shall keep gross receipts in a separate raffle bank account.

 

1506.2All gross receipts from each raffle shall be deposited in a separate raffle bank account by the end of each business week during which any raffle tickets are sold.

 

1506.3Money shall be withdrawn from the raffle account only for the following:

 

(a)Payment of expenses in accordance with § 1507; and

 

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

 

1506.4Within thirty (30) days of any raffle draw, all gross receipts shall be disbursed from the raffle account according to § 1506.3.

 

1506.5The licensed organization shall not commingle any funds from the operation of raffles with and other funds, except in compliance with § 1506.3.

 

authority

§ 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 (May 20, 1988).