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§ 2105. Accountability; Lawful Use of Proceeds.

11 CA ADC § 2105Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 11. Law
Division 3. Gambling Control
Chapter 1. The Bureau of Gambling Control
Article 8. Major League Sports Raffle Program
11 CCR § 2105
§ 2105. Accountability; Lawful Use of Proceeds.
Currentness
(a) Every eligible organization shall be accountable for all cash, raffle-related products for a registered event, financial statements, bank-validated deposit slips for all proceeds from the registered event, and bank statements from all financial accounts where proceeds from the registered event were deposited or transferred.
(b) In accordance with Penal Code section 320.6, all proceeds generated by any registered event shall be devoted exclusively to the lawful purposes.
(c) To ensure that all proceeds are used for the lawful purposes of the eligible organization or the eligible recipient organization, all financial accounts into which proceeds from the registered event are deposited or transferred shall be open for review and inspection by the Bureau.
(d) All cash moneys derived from the conduct of the registered event shall be deposited into the eligible organization's financial account within one business day of the registered event.
(e) Prize payments and distributions for the lawful purposes of the eligible organization or eligible recipient organization are the only allowable expenditures from the proceeds of the registered event.

Credits

Note: Authority cited: Sections 320.6(b) and 320.6(o), Penal Code. Reference: Section 320.6, Penal Code.
History
1. New section filed 4-28-2016 as an emergency; operative 4-28-2016 (Register 2016, No. 18). A Certificate of Compliance must be transmitted to OAL by 10-25-2016 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 10-17-2016 as an emergency; operative 10-25-2016 (Register 2016, No. 43). A Certificate of Compliance must be transmitted to OAL by 1-23-2017 or emergency language will be repealed by operation of law on the following day.
3. New section refiled 1-18-2017 as an emergency; operative 1-23-2017 (Register 2017, No. 3). A Certificate of Compliance must be transmitted to OAL by 4-24-2017 or emergency language will be repealed by operation of law on the following day.
4. Certificate of Compliance as to 1-18-2017 order, including amendment of subsection (d), transmitted to OAL 4-17-2017 and filed 5-30-2017; amendments operative 5-30-2017 pursuant to Government Code section 11343.4(b)(3) (Register 2017, No. 22).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 11, § 2105, 11 CA ADC § 2105
End of Document