Expenditure of funds after cessation of games of chance
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
An organization that has ceased to conduct games of chance for any reason, and has unexpended games of chance funds, shall:
(a)disburse said funds for lawful purposes within a period of one year after the cessation of the conduct of games of chance; or
(b)disburse said funds in accordance with a plan of expenditure approved in advance by the commission.