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(A) Any licensee exempt from payment of the bank and corporation tax by Cal. Rev. and Tax. Code, Section 23701(d) shall deposit all profits derived from bingo in a special fund or account and shall not commingle such funds with any other funds. Such funds shall be used only for charitable purposes.
(B) All other licensees shall deposit all proceeds derived from bingo in a special fund or account and shall not commingle such funds with any other funds. The proceeds shall be used only for charitable purposes, with the following exceptions:
(1) The proceeds may be used for prizes.
(2) A portion of the proceeds, not to exceed 20% of the total before deduction for prizes, or $2,000 per month, whichever is less, may be used for the rental of property to conduct bingo and for overhead, including the purchase of bingo equipment, administrative expenses, security equipment and security personnel.
(3) The proceeds may be used to pay license fees.
(`64 Code, Sec. 8.1-28) (Ord. No. 2435)
On or before January 31 of each year, a licensee shall file a report under penalty of perjury with the license collector containing the following information:
(A) Total amount of funds received from the operation of bingo during the previous 12 months;
(B) Total amount paid out in prizes or cash; and
(C) Detailed costs for the operation of bingo.
(`64 Code, Sec. 8.1-30) (Ord. No. 2435)
(A) Bingo shall be operated and staffed only by the members and the manager of the licensee. Such members or manager shall not receive a percentage of profit, wage, salary, or any other direct or indirect consideration from bingo, nor shall they receive payments from the licensee for such purpose.
(B) Only the licensee shall operate bingo or participate in the promotion, supervision or any other phase of bingo. Security personnel do not have to be members of licensee.
(`64 Code, Sec. 8.1-32) (Ord. No. 2435)
(A) Licensee shall not operate bingo games more than one day per calendar week, unless the licensee receives prior written permission from the license collector to exceed this limitation, which permission may be withheld for any reason, and shall not be granted more than two times in any calendar year.
(B) The licensee hours of operation may not exceed six hours within a single day, unless the licensee receives prior written permission from the license collector to exceed this limitation, which permission may be withheld for any reason, and shall not be granted more than two times in any calendar year.
(`64 Code, Sec. 8.1-34) (Ord. No. 2435)
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