Section 2001.505 - Report of Expenses(a) A licensed authorized organization conducting bingo shall submit quarterly to the commission a report under oath stating:(1) the amount of the gross receipts derived from bingo;(2) each item of expense incurred or paid;(3) each item of expenditure made or to be made, the name and address of each person to whom each item has been paid or is to be paid, and a detailed description of the merchandise purchased or the services rendered;(4) the net proceeds derived from bingo;(5) the use to which the proceeds have been or are to be applied; and(6) a list of prizes offered and given, with their respective values.(b) A license holder shall maintain records to substantiate the contents of each report.(c) Repealed by Acts 2009, 81st Leg., R.S., Ch. 636, Sec. 42(10), eff. October 1, 2009.Tex. Occ. Code § 2001.505
Amended By Acts 2009, 81st Leg., R.S., Ch. 636, Sec. 38, eff. 10/1/2009.Amended By Acts 2009, 81st Leg., R.S., Ch. 636, Sec. 42(10), eff. 10/1/2009. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. 9/1/1999.