Texas § 2001.453 AUTHORIZED USES OF BINGO ACCOUNT.

Texas Statutes

§ 2001.453 — AUTHORIZED USES OF BINGO ACCOUNT.

Texas § 2001.453

Code OCOccupations Code

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Bluebook

Tex. Occupations Code Code Ann. § 2001.453 (2026).

Text

Sec. 2001.453. AUTHORIZED USES OF BINGO ACCOUNT. A licensed authorized organization may withdraw funds from its bingo account only for:

(1)the payment of necessary or reasonable bona fide expenses, including compensation of personnel, as permitted under Section 2001.458 incurred and paid in connection with the conduct of bingo; or

(2)the disbursement of net proceeds derived from the conduct of bingo as provided by this subchapter.

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Sec. 2001.453. AUTHORIZED USES OF BINGO ACCOUNT. A licensed authorized organization may withdraw funds from its bingo account only for:
(1) the payment of necessary or reasonable bona fide expenses, including compensation of personnel, as permitted under Section 2001.458 incurred and paid in connection with the conduct of bingo; or
(2) the disbursement of net proceeds derived from the conduct of bingo as provided by this subchapter.

Legislative History

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2009, 81st Leg., R.S., Ch. 636 (H.B. 1474 ), Sec. 33, eff. October 1, 2009.