Or. Admin. R. 137-025-0170

Current through Register Vol. 63, No. 6, June 1, 2024
Section 137-025-0170 - Bingo Checking Account

Each Class A or B licensee shall have one or more separate checking accounts for bingo related purposes. All bingo proceeds, except amounts paid for prizes shall be deposited in the bingo checking account within three business days of their collection. Expenses which are exclusively related to the conduct of bingo games shall be paid from the bingo account. After bingo expenses have been paid, the licensee may transfer funds from the bingo account to another account of the licensee. The licensee shall retain a copy of all bingo checking account records, including account statements, canceled checks, check registers, and deposit slips for a period of three years.

Or. Admin. R. 137-025-0170

JD 7-1987, f. 10-30-87, ef. 1-1-88

Stat. Auth.: ORS 464

Stats. Implemented: ORS 464.250(5)