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Can an individual/worker/patron “loan” the gaming account money as initial startup?

April 26, 2017account gaming individual initial loan money patron startup worker

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Can an individual/worker/patron “loan” the gaming account money as initial startup?

1 Answer

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Yes, money can be “loaned” to the gaming account. This money needs to be deposited into the Charitable Gaming Bank Account and then disbursed from the same account. Loans and loan repayments are to be shown on the Quarterly Reports on line 25 (“Adjustments”).