Iowa Admin. Code r. 481-100.30

Current through Register Vol. 47, No. 5, September 4, 2024

Rule 481-100.30 - License requirements

The following are in addition to requirements in rule 100.3(99B):

(1) An organization must be active in Iowa at least five years before a two-year license is issued. If the organization is a local chapter of a national organization which has existed at least five years, a license may be granted. The organization must prove the required period of existence. Examples of evidence which may be used for proof are articles of incorporation, a national charter, bylaws, newspaper articles or bank records.

(2) Rent for gambling locations is subject to the following requirements:

a. The rent may not be related to nor be a percentage of the receipts.

b. The licensee may terminate any lease or rental agreement without paying a penalty or forfeiting money or a deposit. Damage deposit money is excepted.

c. No person receiving rent for a bingo location, either directly or indirectly, may be involved in, participate in, or be associated with the operation of bingo games.

(3) A letter of determination of tax-exempt status from the Internal Revenue Service shall be attached to the application to prove tax-exempt eligibility.

(4) Political candidates, parties or nonparty political organizations must supply verification as follows:

a. From the secretary of state;

b. From the Iowa campaign finance disclosure commission; or

c. From the county auditor

Political action committees are not eligible for gambling licenses.

This rule is intended to implement Iowa Code sections 99B.2(1), 99B.7(1) "m" 99B.7(2)"a, " and 99B.12(2)"a."

Iowa Admin. Code r. 481-100.30