Section 30-1608. DISBURSEMENT OF MONTE CARLO NIGHT PARTY RECEIPTS

 

1608.1A licensed organization shall keep gross receipts in a separate bank account.

 

1608.2All gross receipts from each Monte Carlo night party shall be deposited in a separate Monte Carlo night party bank account by the end of each business week during which any Monte Carlo Night party tickets are sold..

 

1608.3Money shall be withdrawn from the Monte Carlo night party account only for the following:

 

(a)Payment of expenses in accordance with § 1609; and

 

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

 

1608.4Within ten (10) days of any Monte Carlo night party, all gross receipts shall be disbursed from the Monte Carlo night party account according to § 1608.3.

 

1608.5The licensed organization shall not commingle any funds derived from the operation of Monte Carlo Night party with any other funds, except funds from raffles conducted pursuant to § 1606.1

 

 

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 35 DCR 3788, 3821 (May 20, 1988).