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1998 SESSION

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SB 452 Charitable Gaming Commission; use of proceeds, audit fees.

Introduced by: Kenneth W. Stolle | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Charitable Gaming Commission; definitions; prohibited practices. Adds definition of gaming expenses and reasonable and proper business expenses. The bill also clarifies that the gross receipts derived by qualified organizations may be used for gaming expenses and reasonable and proper business expense. In addition, the bill prohibits the use of charitable gaming proceeds for an organization's social or recreational activities. The bill has an effective date of October 1, 1998


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