Or. Admin. Code § 137-025-0475
Current through Register Vol. 64, No. 1, January 1, 2025
Section 137-025-0475 - Monte Carlo Event RecordsA Monte Carlo event licensee shall maintain the following records or information on forms prescribed by the department, with regard to individual Monte Carlo events and retain the information for a period of three years:
(1) In the case of a Class A licensee, the information relating to the sale of imitation money at each Monte Carlo event required by OAR 137-025-0450(3). In the case of a class B licensee, information sufficient to establish gross sales of imitation money at each Monte Carlo event.(2) All Monte Carlo expenses relating to the conduct of each Monte Carlo event;(3) A description of all Monte Carlo prizes offered in conjunction with each Monte Carlo event, and the retail value of each prize which is valued at $200 or more. In addition, the licensee shall maintain a record of the name and address or other contact information provided by the prize winner. A Monte Carlo licensee shall maintain copies of receipts from the vendor relating to the purchase of all noncash prizes awarded with a retail value of more than $500. For all other noncash prizes advertised as having a retail value of more than $500, the licensee shall maintain records identifying the prize, the donor or other source of the prize, and the basis for determining the prize's retail value;(4) Any contract with a licensed supplier of Monte Carlo event equipment and/or a licensed Monte Carlo event contractor;(5) Any contract for rental/use of premises for the event; and(6) Copies of IRS forms W-2G and 5754 to the extent such forms were required to be completed in connection with the awarding of a Monte Carlo prize.Or. Admin. Code § 137-025-0475
DOJ 5-1998, f. 6-19-98, cert. ef. 6-20-98; DOJ 8-2018, amend filed 05/30/2018, effective 5/31/2018; DOJ 2-2024, amend filed 01/16/2024, effective 1/17/2024Statutory/Other Authority: ORS 464.250
Statutes/Other Implemented: HB 3009, 1997 & ORS 464.250