Florida Administrative Code › 75 - FLORIDA GAMING CONTROL COMMISSION › 75 - Departmental › Chapter 75-8 - FINANCIAL REPORTING AND PURSE REQUIREMENTS › Section 75-8.003 - Reporting Requirements for Charity/Scholarship Performances

Current through Reg. 50, No. 138; July 16, 2024
(1) Proceeds from all charity/scholarship
				performances shall be distributed only to proposed recipients which are
				determined by the division to be in compliance with Section
				 550.0351, F.S. Any charity
				registered with or determined to be exempt by the Division of Consumer Services
				pursuant to Chapter 496, F.S., shall be deemed in compliance with Section
				 550.0351, F.S. It shall be the
				permitholder's responsibility to insure that charity recipients are registered
				or have been determined to be exempt pursuant to chapter 496, F.S., or are duly
				qualified with the division by the filing of a copy of the exemption from
				taxation issued by the Internal Revenue Service to such charity.
(2) No proceeds may be distributed to any
				organization who does not meet the requirements of subsection (1) of this
				rule.
(3) Within 120 days after the
				conclusion of its fiscal year each permitholder shall pay the proceeds of all
				charity performances to the authorized charities and, within 45 days after the
				required due date for such payments, shall submit to the division Form FGCC
				PMW-3540, Statement of Proceeds for Charity Day Performance, and Form FGCC
				PMW-3550, Charity Day Proceeds and Distribution, both adopted and incorporated
				by Rule  75-10.001, F.A.C. Copies of
				supporting documentation such as checks should be included with the forms,
				along with a statement and reconciliation which includes all deductions and
				additions of money, and support for all banking transactions including bank
				statements, for the "Greyhound Adopt-A-Pet Day."
(4) A greyhound permitholder may hold one
				additional charity day, designated as "Greyhound Adopt-A-Pet Day, " as
				authorized by Section
				 550.1648, F.S. "Profits" for
				this charity event shall be calculated in the same manner as required for
				"proceeds" in Sections
				 550.0351(4) and
				(5), F.S.
(5) The permitholder must maintain an
				accounting of the funds related to the "Greyhound Adopt-A-Pet Day" charity. All
				revenue associated with this charity event must be deposited into a separate
				account, within 7 days of the event. Documentation, including names of
				recipients, individuals or entities, must be maintained of all disbursements
				from the fund account. Disbursements may be made only to recipients allowed by
				Section  550.1648, F.S., in that the
				money must be used to support activities for promoting greyhound
				adoptions.
(6) The permitholder is
				the custodian of the funds related to the "Greyhound Adopt-A-Pet Day" charity
				event. As part of any review by the division in which it is determined there
				were unlawful recipients of the charity funds, the permitholder will be
				required to reimburse the fund for the amount of the improper
				disbursement(s).
Rulemaking Authority
					  550.0251 (3),
					 (7),
					 550.125(2)(b),
					 550.155(1) FS.
					 Law Implemented 550.0251,
					  550.0351,
					  550.125,
					  550.155,
					  550.1647,
					  550.1648 FS.
New 10-20-96, Amended 12-15-97, 6-29-05, 4-12-06, Formerly
					  61D-8.003.