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Texas Occupations Code - OCC § 2001.453. Authorized Uses of Bingo Account

Current as of January 01, 2024 | Updated by Findlaw Staff

A licensed authorized organization may withdraw funds from its bingo account only for:

(1) the payment of necessary or reasonable bona fide expenses, including compensation of personnel, as permitted under Section 2001.458 incurred and paid in connection with the conduct of bingo; or

(2) the disbursement of net proceeds derived from the conduct of bingo as provided by this subchapter.

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Cite this article: FindLaw.com - Texas Occupations Code - OCC § 2001.453. Authorized Uses of Bingo Account - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-2001-453/

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