Rule 109:1-4-14 | Transfer to general account; veteran's, fraternal, or sporting organization.
A veteran's organization, a fraternal organization, or a sporting organization may transfer to the organization's general account, by check or electronic fund transfer from the checking account devoted exclusively to the organization's instant bingo game, the percentage of the net profit from the proceeds of the sale of instant bingo allowable for the organization's expenses in conducting the instant bingo game pursuant to division (A)(1) of section 2915.101 of the Revised Code, if all of the following conditions apply:
(A) The organization pays all expenses for the purchase of instant bingo tickets or cards by check or electronic fund transfer from the checking account devoted exclusively to the instant bingo game;
(B) The organization deposits the proceeds from the sale of instant bingo into the checking account devoted exclusively to the instant bingo game within seven days of the close of the deal of instant bingo tickets;
(C) The organization records the sale of all instant bingo tickets upon a ledger form approved by the attorney general;
(D) The organization complies with all provisions of Chapter 2915. of the Revised Code in conducting charitable gaming.
Last updated December 23, 2021 at 12:36 AM
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