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Current as of January 01, 2024 | Updated by FindLaw Staff
1. As used in this section, unless the context otherwise requires, “manufacturer or distributor” means a person engaged in business in this state who originally produces, or purchases from a business that originally produces, equipment or supplies which are specifically used in the conduct of a bingo occasion or an electronic raffle.
2. A person shall not engage in business in this state as a manufacturer or distributor without first obtaining a license from the department.
a. Upon receipt of an application and a fee of one thousand dollars for a manufacturer or distributor license, the department may issue an annual license.
b. A license may be renewed annually upon submission of an application, payment of the annual license fee, and compliance with this section and the rules adopted pursuant to this section.
3. A licensed manufacturer or distributor may sell bingo equipment or supplies or an electronic raffle system directly to a licensed qualified organization.
4. A licensed qualified organization under this chapter may dispose of, transfer, or sell excess bingo equipment or supplies on a nonroutine basis to another licensed qualified organization.
5. A licensed qualified organization shall not sublease, rent, borrow, or otherwise use another qualified organization's electronic raffle system.
Cite this article: FindLaw.com - Iowa Code Title III. Public Services and Regulation [Chs. 80-122C] § 99B.32. Manufacturers and distributors--bingo equipment and supplies--electronic raffle systems--transfer or use - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-iii-public-services-and-regulation-chs-80-122c/ia-code-sect-99b-32/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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