Texas Statutes (Last Updated: January 4, 2014) |
OCCUPATIONS CODE |
Title 13. SPORTS, AMUSEMENTS, AND ENTERTAINMENT |
Subtitle A. GAMING |
Chapter 2001. BINGO |
Subchapter J. BINGO ACCOUNTS AND USE OF PROCEEDS |
Sec. 2001.453. AUTHORIZED USES OF BINGO ACCOUNT
Latest version.
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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.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2009, 81st Leg., R.S., Ch. 636 , Sec. 33, eff. October 1, 2009.