Alaska Administrative Code › Title 15 - Revenue › Chapter 160 - Authorized Games of Chance and Skill › Article 4 - Multiple-Beneficiary Permits and Self-Directed Permits › 15 AAC 160.361 - Multiple-beneficiary permits

Current through May 31, 2024
(a) A municipality
				or qualified organization must obtain a permit under
				AS
				05.15.020 before applying to become a member
				of a multiple-beneficiary permittee.
(b) A multiple-beneficiary permittee with
				fewer than six members may add an additional member by filing an amended
				application with the department, if the addition of the new member does not
				result in the multiple-beneficiary permit cumulatively having more than six
				members in a calendar year.
(c) An
				application for a multiple-beneficiary permit must include a copy of the joint
				venture agreement among the members, including the percentage of participation
				in gross receipts for each member.
(d) A multiple-beneficiary permittee shall
				allocate taxes, prizes, and expenses in the proportion that it allocates gross
				receipts among its members, but no member may be allocated a sales tax
				liability for sales that were not subject to a sales tax.
(e) A multiple-beneficiary permittee may
				allocate gross receipts, taxes, prizes or expenses to a new member only from
				the date that the department approves the addition of the new member.
(f) A multiple-beneficiary permittee may not
				allocate to an individual member permittee more than the annual prize limit for
				a municipality or qualified organization under
				AS
				05.15.180(g) or
				15 AAC 160.600(a).
(g) A multiple-beneficiary permittee shall
				pay net proceeds to its member permittees on a quarterly basis no later than
				the end of the month following the end of each calendar quarter.
(h) A multiple-beneficiary permittee may not
				spend or otherwise dedicate net proceeds except to distribute the net proceeds
				to its member permittees.
(i) A
				multiple-beneficiary permittee or its member permittees may not sublease gaming
				facilities to another multiple-beneficiary permittee or its member permittees
				at a price higher than that paid by the multiple-beneficiary
				permittee.
(j) The results of an
				action taken against a multiple-beneficiary permittee shall apply to the
				individual permits of those members of the multiple-beneficiary permittee who
				were members at the time of the violation that was the subject of the
				action.
(k) The department shall
				notify the primary member in charge of a multiple-beneficiary permittee
				regarding a violation by one of its member permittees of AS 05.15 or this
				chapter.
(l) Individual members of
				the multiple-beneficiary permittee shall jointly file the annual certified
				public accountant review required by
				15 AAC 160.310(a).
(m) Each member of a multiple-beneficiary
				permittee must be actively involved in the gaming activities conducted by the
				multiple-beneficiary permittee, including management oversight, policy setting,
				and authorization of expenditures.
(n) A multiple-beneficiary permittee may not
				contract with an operator.
Authority:
AS
					 05.15.020
AS 05.15.060
AS 05.15.100
AS 05.15.130
AS 05.15.145
AS
					 05.15.180