Wash. Admin. Code § 230-10-375 - Failing to maintain a positive cash flow

Current through Register Vol. 21-18, September 15, 2021

(1) Bingo licensees must measure adjusted cash flow to ensure that they maintain a positive cash flow and are not operating primarily for gambling purposes.
(2) If a licensee does not maintain a positive cash flow from the bingo operation as reflected in their annual financial statement as prepared in accordance with WAC 230-07-150, the director will take administrative action to revoke the organization's bingo license.

Notes

Wash. Admin. Code § 230-10-375
Amended by WSR 14-23-049, Filed 11/14/2014, effective 12/15/2014

Statutory Authority: RCW 9.46.070. 07-10-033 (Order 610), § 230-10-375, filed 4/24/07, effective 1/1/08.

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