the day of the bingo occasion on which the receipts were obtained. All accounts must be maintained in a financial institution in this State. (D) Funds from the bingo account must be withdrawn by preprinted, consecutivelynumbered checks or withdrawal slips, jointly signed by a properly authorized representative of the licensed nonprofit organization and promoter and made payable to a person or organization or by electronic methods or recurring online payments. Electronic payments must be authorized by a duly authorized representative of the licensed nonprofit organization and promoter in writing. Checks must be imprinted with the words and must contain the bingo license ‘Bingo Account’ organization’s number on the face of the check. There also must be noted on the face of the check or withdrawal slip the nature of the payment made. No check or slip may be made payable to or a ‘cash’, ‘bearer’, fictitious payee. All checks, including voided checks and slips, must be kept and accounted for.” SECTION 8. Section 12214190(B) of the 1976 Code is amended to read: The revenue retained must be distributed as follows: “(B) (1) twentysix twentyeight percent of the revenue must be distributed to the sponsoring charity for which the bingo cards were purchased. The department shall make the distribution to the sponsoring charity by the last day of the next month following the month the revenue was collected. Distributions under pursuant to this subsection must be reduced by any delinquent debts as defined in the Setoff Debt Collection Act; (2) seventyfour seventytwo percent pursuant to Section 12214200.” SECTION 9. This act takes effect upon approval by the Governor. XX
the day of the bingo occasion on which the receipts were obtained. All accounts must be maintained in a financial institution in this State. (D) Funds from the bingo account must be withdrawn by preprinted, consecutivelynumbered checks or withdrawal slips, jointly signed by a properly authorized representative of the licensed nonprofit organization and promoter and made payable to a person or organization or by electronic methods or recurring online payments. Electronic payments must be authorized by a duly authorized representative of the licensed nonprofit organization and promoter in writing. Checks must be imprinted with the words ‘Bingo Account’ and must contain the organization’s bingo license number on the face of the check. There also must be noted on the face of the check or withdrawal slip the nature of the payment made. No check or slip may be made payable to ‘cash’, ‘bearer’, or a fictitious payee. All checks, including voided checks and slips, must be kept and accounted for.” SECTION 8. Section 12214190(B) of the 1976 Code is amended to read: “(B) The revenue retained must be distributed as follows: (1) twentysix twentyeight percent of the revenue must be distributed to the sponsoring charity for which the bingo cards were purchased. The department shall make the distribution to the sponsoring charity by the last day of the next month following the month the revenue was collected. Distributions under pursuant to this subsection must be reduced by any delinquent debts as defined in the Setoff Debt Collection Act; (2) seventyfour seventytwo percent pursuant to Section 12214200.” SECTION 9. This act takes effect upon approval by the Governor. XX
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