Arkansas § 23-114-507 Expenses paid from bingo and raffle account

Arkansas Statutes

§ 23-114-507 — Expenses paid from bingo and raffle account

The following items of expenses incurred or paid in connection with the conduct of games of bingo or raffles must be paid from a licensed authorized organization's bingo and raffle account if the licensed authorized organization is required under § 23-114-501 to maintain such an account:

(1)Advertising, including the cost of printing bingo and raffle gift certificates;

(2)Repairs to premises and equipment;

(3)Bingo and raffle supplies and equipment;

(4)Prizes;

(5)Stated rental or mortgage and insurance expenses;

(6)Bookkeeping or accounting services; and (7) License fees.

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The following items of expenses incurred or paid in connection with the conduct of games of bingo or raffles must be paid from a licensed authorized organization's bingo and raffle account if the licensed authorized organization is required under § 23-114-501 to maintain such an account: (1) Advertising, including the cost of printing bingo and raffle gift certificates; (2) Repairs to premises and equipment; (3) Bingo and raffle supplies and equipment; (4) Prizes; (5) Stated rental or mortgage and insurance expenses; (6) Bookkeeping or accounting services; and (7) License fees.

Arkansas § 23-114-507 (Expenses paid from bingo and raffle account) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.