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DOR Gaming Regulations 15 AAC 160.820 Changes Adopted
Submitted by: slparr/04
Date Submitted: 10/09/2006 04:25 PM
Date Modified:      
Ak Admin Journal: [not printed]
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DOR Gaming Regulations 15 AAC 160.820 Changes Adopted

Category: Regulations
Sub-Category: Adopted Text or Summary of Text
Department: Revenue
Publish Date: 10/09/2006Location: Statewide
Coastal District: N/A

Body of Notice:

On 10.6.2006 the Lieutenant Governor filed regulations from the
Department of Revenue re: Charitable Gaming Bank
Accounts and Payments from those Accounts
(15 AAC 160.820(a)-(c); AG file no. 993-07-0034),
effective 11.5.2006, will be published in Register 180, January 2007.




Register 180, January 2007 REVENUE



15 AAC 160.820(a) is amended to read:



15 AAC 160.820. Bank account. (a) A permittee or an operator shall deposit money collected from gaming activities, less cash prizes actually paid, in a bank account with check-writing privileges in the name of the permittee or operator. Deposits for each bingo session or any other authorized activity under AS 05.15 shall be made within three calendar days of the close of the bingo session or within three calendar days of the conduct of any other authorized activity under AS 05.15. The bank account must be separate from an account used for other money of the permittee or operator. After December 31, 2006, the bank account must include the word “gaming” in the name or title that appears on checks and statements, but existing checks may be used until December 31, 2007.

15 AAC 160.820(b is amended to read:

(b) A disbursement from a permittee bank account described under (a) of this section must be made by a check that is signed by two authorized members of the permittee who are natural persons and residents of the state, except for electronic payment, through the department’s web site, of the annual permit fee under AS 05.15.020(c)(2)-(4), the additional fee under AS 05.15.020(b), or interest or penalty under AS 05.15.095(c) or (d).

15 AAC 160.820(c) is amended to read:

(c) A check drawn on a bank account described under (a) of this section

(1) repealed 11/10/96;

(2) may not be drawn to “cash” or to a fictitious payee; and

(3) may not be signed in advance or with a signature stamp.

. . .

(Eff. 7/30/94, Register 131; am 11/10/96, Register 140; am 1/1/2003, Register 164; am 9/3/2005, Register 175; am 11/ 5/2006, Register 180)



Authority: AS 05.15.060 AS 05.15.100


Revision History:
10/09/2006 04:25:24 PM by slparr/04/State/Alaska/US
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