§ 45-35-150.06 — Bingo Games - Charitable or Educational Purposes of Proceeds
This text of Alabama § 45-35-150.06 (Bingo Games - Charitable or Educational Purposes of Proceeds) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Text
No less than 100 percent of the net proceeds of a bingo game shall be designated and expended for charitable or educational purposes. Net proceeds means gross proceeds less reasonable expenses incurred or paid in connection with the holding, operating, or conducting of bingo. Reasonable expenses shall not include any expenses related to advertising and any advertising done shall contain the name of the permit holder. Reasonable expenses shall include the following bona fide expenses, in reasonable amounts:
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Alabama § 45-35-150.06, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/45-35-150.06.