Section 2001.060 - Reporting(a) On or before June 1 of each even-numbered year, the commission shall prepare and deliver to the governor, the lieutenant governor, the speaker of the house of representatives, and the chairs of the standing committees of the senate and house of representatives with primary jurisdiction over charitable bingo a report stating for each of the preceding two calendar years: (1) the total amount of adjusted gross receipts reported by licensed authorized organizations from their bingo operations;(2) the total amount of net proceeds reported by licensed authorized organizations from their bingo operations; and(3) a comparison of the amounts reported under Subdivisions (1) and (2), including the percentage that the net proceeds represents of the adjusted gross receipts.(b) For purposes of Subsection (a), "adjusted gross receipts" means the amount remaining after deducting prizes paid, excluding prize fees collected from bingo players.(c) For purposes of Subsection (a), the commission shall determine the total amount of net proceeds in a manner that does not reduce gross receipts by the amount of rent paid for the rental of bingo premises by a licensed authorized organization to another licensed authorized organization if the other organization pays rent for the premises to a licensed commercial lessor.Tex. Occ. Code § 2001.060
Added by Acts 2009, 81st Leg., R.S., Ch. 636, Sec. 3, eff. 10/1/2009.