Sec. 5. (a) A qualified organization shall maintain and submit to the commission accurate records of all financial aspects of an allowable event as set forth in rules adopted by the commission under IC 4-22-2. A qualified organization shall make accurate reports of all financial aspects of an allowable activity to the commission within the time established by the commission as set forth in rules adopted by the commission under IC 4-22-2.
(b) Except for a candidate's committee, a convention license, and an exempt event, a qualified organization shall deposit funds received from an allowable activity in a separate and segregated account set up for that purpose.
(c) A qualified organization conducting a bingo event or raffle under an annual affiliate license shall deposit the funds received from each activity conducted by its separate Indiana affiliates into a single account maintained by a financial institution physically located in Indiana. All expenses of the qualified organization with respect to an allowable activity shall be paid from the separate account.
(d) The commission may require a qualified organization to submit any records maintained under this section for an independent audit by a certified public accountant selected by the commission. A qualified organization must bear the cost of any audit required under this section.
(e) A bona fide veterans organization holding a three (3) year charity gaming license issued under IC 4-32.3-4-16 must submit the following to the commission before the annual anniversary date of the issuance of the three (3) year charity gaming license:
(1) An event summary for each allowable event conducted under the license.
(2) An annual financial report.
(3) An annual gross receipts report.
As added by P.L.58-2019, SEC.4.
Structure Indiana Code
Title 4. State Offices and Administration
Chapter 5. Conduct of Allowable Activities
4-32.3-5-1. Criminal Gambling Statutes Inapplicable to Allowable Events
4-32.3-5-2. Management and Conduct of Events
4-32.3-5-3. Use and Determination of Net Proceeds
4-32.3-5-4. Donation of Gross Charity Gaming Receipts
4-32.3-5-5. Financial Records; Deposit of Funds; Audits; Submission of Event Summary and Reports
4-32.3-5-6. Leasing Facilities
4-32.3-5-7. Prohibition on Felons as Operators and Workers; Exceptions
4-32.3-5-9. Operator of Allowable Activity
4-32.3-5-10. Operators; Limitations and Requirements
4-32.3-5-11. Participation of Operators and Workers Prohibited; Exceptions
4-32.3-5-12. Rules for Dealing Cards in Texas Hold'em and Omaha Poker
4-32.3-5-13. Operator Membership Requirement
4-32.3-5-14. Worker Membership Requirement; Shared Revenues
4-32.3-5-15. Bingo Event Prize Limits
4-32.3-5-16. Pull Tab, Punchboard, and Tip Board Prize Limits
4-32.3-5-17. Prohibited Participants
4-32.3-5-18. Radio Advertising
4-32.3-5-19. Report of Patron Gambling Winnings; Reporting and Withholding Rules
4-32.3-5-20. Obtaining Supplies; Paying for Supplies
4-32.3-5-21. Obtaining Supplies; Providing Supplies
4-32.3-5-22. Rules Governing the Use of Volunteer Ticket Agents