Ill. Admin. Code tit. 86, § 432.180 - Records; Audits
a) Pull tabs
checking account. Before a regular or limited licensee may begin selling pull
tabs it must establish a checking account into which its gross proceeds from
pull tab sales (less cash returned to winners) must be deposited. All
expenditures of pull tab proceeds (other than cash prizes) must be by
electronic funds transfers or checks, having consecutive numbers, payable to a
specific person or organization. No checks shall be written to "cash." The
amount of gross receipts from pull tabs, the amount paid back in prizes, and
the expenditures from the pull tabs checking account shall be reported on a
form provided by the Department and submitted annually along with the
organization's application for renewal of its pull tabs license (see Section
432.110(b)(4)
).
b) Records. In addition to a current
membership list, regular and limited licensees shall keep the following records
for a period of 3 years:
1) The gross
proceeds from the sale of pull tabs and the amount returned in prizes for each
day that pull tabs are sold;
2) The
receipts obtained from licensed suppliers when pull tabs are purchased (see
Section
432.140(c)(1)
).
c) All records and receipts which this Part
requires any licensee under the Act to maintain shall be available for
inspection by representatives of the Department during reasonable business
hours. All records pertaining to pull tabs of any licensee under the Act shall
be subject to an audit by the Department without notice, performed during
reasonable business hours at the premises where the records are located. In the
event of an audit by the Department the person or organization being audited
shall provide all such records, provide a place where the audit may be
performed, and provide any requested information relevant to the conduct of the
audit.
Notes
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