Tex. Occ. Code § 2001.436 · Subchapter I-1. UNIT ACCOUNTING
DISBURSEMENT OF FUNDS BY DISSOLVED UNIT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Sections 2001.457(a) and (b) apply to a unit formed under this subchapter. For purposes of this subchapter, the requirements of Sections 2001.457(a) and (b) that are applicable to a licensed authorized organization shall be applied to a unit.
(b) A unit that has dissolved for any reason and has unexpended bingo funds shall disburse those funds to the bingo account of each member of the unit before the end of the next calendar quarter after the calendar quarter in which the unit dissolves.
(c) For purposes of the application of Sections 2001.457(a) and (b) to a unit under this section:
(1) "Adjusted gross receipts" means gross receipts less the amount of cost of goods purchased by a unit and prizes paid in the preceding quarter; and
(2) "Cost of goods purchased by a unit" means the cost of bingo paper and pull-tab bingo tickets purchased by the unit and payments to distributors for electronic cardminding devices.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1114, Sec. 19, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2001.htm
- Text hash
- sha256 84db2ad86f16b7ecc6b19c0066b36c84ea1fd051e56784b34203b6d5d41bedf1
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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