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Alaska Administrative Code — Title 15 (Revenue)

15 AAC 160.810

Net proceeds

Official textakleg.govlast amended

# (a)

A permittee or an operator may not pay a person for services rendered to conduct gaming activities or pay gaming prizes or expenses from the net proceeds.

# (b)

A permittee shall keep a detailed record of disbursements from the net proceeds for three years after the record was made.

# (c)

A permittee that dedicates net proceeds to a scholarship for education may only award the scholarship to a resident of the state or to a person who will use the scholarship in the state.

# (d)

Repealed 11/10/96.

# (e)

Repealed 11/10/96.

# (f)

A permittee that dedicates or otherwise transfers net proceeds to another organization must take steps to ensure that the net proceeds are spent in accordance with AS 05.15.150.
(Eff. 7/30/94, Register 131; am 11/10/96, Register 140; am 1/1/2003, Register 164)
Statutory Authority:
Authority:
AS 05.15.060 AS 05.15.150
Editor's note:
As of Register 165 (April 2003), the regulations attorney made a technical revision under AS
44.62.125 (b)(6), to 15 AAC 160.810(c).

Amendment history

Eff. 7/30/94, Register 131; am 11/10/96, Register 140; am 1/1/2003, Register 164

Source: official source document (full AAC Title 15 PDF)

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In this chapter (40 sections)
  1. 160.670 · Raffle record
  2. 160.671 · Dispensing raffle and lottery tickets by vending machine
  3. 160.675 · Animal classics permit application
  4. 160.676 · Animal classics
  5. 160.680 · Dog mushers' contests
  6. 160.690 · Fish derbies
  7. 160.700 · Ice classics
  8. 160.705 · Big bull moose derbies
  9. 160.710 · Salmon classics and king salmon classics
  10. 160.715 · Calcutta pools
  11. 160.717 · Crane classics
  12. 160.720 · Monte Carlo events
  13. 160.730 · Monte Carlo house procedures
  14. 160.740 · Personnel and accounting for Monte Carlo events
  15. 160.750 · Monte Carlo blackjack
  16. 160.760 · New Year's Eve Monte Carlo events
  17. 160.770 · Change in Monte Carlo events
  18. 160.780 · Advertising expenses
  19. 160.790 · Depreciation
  20. 160.800 · Promotional items
  21. 160.810 · Net proceeds
  22. 160.820 · Bank account
  23. 160.822 · Net proceeds held for more than one year
  24. 160.830 · Method of accounting
  25. 160.835 · Net proceeds and unauthorized expenses
  26. 160.840 · Permittee quarterly report
  27. 160.850 · Permittee annual report
  28. 160.860 · Grace periods for reports and annual review of financial…
  29. 160.870 · Retention of records
  30. 160.880 · Suspension or revocation of a permit, license or registration
  31. 160.885 · Immediate revocation
  32. 160.886 · Renewal of a permit, license, or registration
  33. 160.890 · Disposition of money upon suspension or revocation
  34. 160.900 · Notice of criminal conviction
  35. 160.910 · Request for formal administrative hearing
  36. 160.920 · Administrative appeals
  37. 160.930 · Permit, license, or registration required
  38. 160.932 · Interpretation
  39. 160.934 · Criminal history checks
  40. 160.935 · Primary gaming location
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