Senate panel considers raising allowable reserve for charitable bingo organizations
The Committee on State Affairs heard House Bill 2820, which would increase the maximum operating capital charitable bingo organizations may hold from $50,000 to $100,000. An industry representative testified the change would help organizations cover interruptions and support operations; the measure was left pending.
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House Bill 2820, offered to the Senate as a House-originated bill, would increase the maximum amount a licensed charitable-bingo organization may keep in its bingo operating account from $50,000 to $100,000.
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