Section 13-2614 - Distribution and use of proceeds. - Maryland Statutes

§ 13-2614. Distribution and use of proceeds.
 

(a)  Payment to county commissioners.-  

(1) Each licensee shall pay to the county commissioners 3% of the gross receipts derived from bingo for each day that bingo is conducted by the licensee under this part. 

(2) The licensee shall pay the money at the time the licensee submits to the board the statement required under § 13-2613 of this subtitle. 

(b)  Nonprofit organizations.-  

(1) An organization described in § 13-2606(5) of this subtitle may retain up to one-half of the proceeds derived from bingo conducted under this part for the benefit of the organization. 

(2) The organization shall distribute any remaining proceeds for educational or charitable purposes. 

(c)  Payment to municipal corporation.- If bingo is conducted in a municipal corporation in the county, the county commissioners shall pay one-third of the 3% of the gross receipts received under subsection (a) of this section to the municipal corporation, to be used for its general purposes. 

(d)  Use of proceeds by county commissioners.-  

(1) From the percentage of the gross receipts retained by the county commissioners, the county commissioners shall first pay the expenses necessary to administer this part. 

(2) All additional funds shall be credited by the county commissioners to the general funds of the county. 
 

[An. Code 1957, art. 27, § 251A(a-1), (i), (k); 2002, ch. 26, § 2.]