Maine § 17 §326 Proceeds

Maine Statutes

§ 17 §326 — Proceeds

Maine·Title 17 CRIMES·Ch. 13-A BEANO OR BINGO

1.Payment of proceeds. 1-A. Payment of proceeds. An organization licensed or registered to operate beano or bingo and sealed ticket games in conjunction with beano or bingo may use the proceeds or part of the proceeds to: 1-B. Filing. An organization that chooses to use the proceeds or part of the proceeds as allowed by subsection 1‑A must file with the Gambling Control Unit, at least quarterly, a form for the disposition of funds prescribed by the Gambling Control Unit detailing all payments made. Every statement on the form must be made under oath by an officer of the organization.

2.Rules. The rules adopted pursuant to section 317 must contain standards governing payments made under this section. Payments under subsection 1‑A, paragraph A may not exceed 20% of the revenue generated by

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Payment of proceeds.
1-A.
Payment of proceeds.
An organization licensed or registered to operate beano or bingo and sealed ticket games in conjunction with beano or bingo may use the proceeds or part of the proceeds to:
1-B.
Filing.
An organization that chooses to use the proceeds or part of the proceeds as allowed by subsection 1‑A must file with the Gambling Control Unit, at least quarterly, a form for the disposition of funds prescribed by the Gambling Control Unit detailing all payments made. Every statement on the form must be made under oath by an officer of the organization.
2.
Rules.
The rules adopted pursuant to section 317 must contain standards governing payments made under this section. Payments under subsection 1‑A, paragraph A may not exceed 20% of the revenue generated by the games and the rules must limit payments to reasonable compensation, taking into account the nature of the services rendered, comparable wage rates, the size of the organization and other revenues, the size of the games and the revenue generated by the games. The Gambling Control Unit may disallow any excessive payment of proceeds, may suspend an organization's license or registration for excessive payment of proceeds and may condition the restoration of an organization's license or registration on the repayment of an excessive payment of proceeds by the organization.
3.
Rules.
4.
Posting.
An organization licensed or registered to operate beano or bingo and sealed ticket games in conjunction with beano or bingo shall post in a conspicuous place in the room or hall where the licensed game is conducted a sign that states: the net revenue earned from the operation of those games in dollars and cents; the amount of charitable donations from that net revenue in dollars and cents; what percentage in dollars and cents of the net revenue that amount represents in donations to nonprofit activities; and what percentage of the net revenue was distributed from licensed games for the previous calendar year and the current calendar year.

Maine § 17 §326 (Proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1989, c. 825, §2 (NEW). PL 1991, c. 590 (RPR). PL 1993, c. 45, §§2-4 (AMD). PL 1997, c. 684, §4 (AMD). PL 2017, c. 284, Pt. JJJJJ, §27 (AMD). PL 2025, c. 424, §§6, 7 (AMD).