16-633 C.M.R. ch. 30, § 7 - Expenditures
1. The Licensee may pay as compensation to a
member of the Licensee, who has been in good standing as such for at least two
years previous to application, an amount not to exceed 200% of the minimum wage
as established by Title 17, Chapter 13-A, §326 for advising, controlling
and managing the conduct of Beano.
2. The Licensee may also pay as compensation
to a member of the Licensee who has been in good standing for at least one year
previous to application, an amount not to exceed 200% of the minimum wage as
established by Title 17, Chapter 13-A, §326, for assisting in the conduct
of Beano.
3. The Licensee may pay
as compensation to any member or employee an amount not to exceed 200% of the
minimum wage as established by Title 17, Chapter 13-A, §326, for
janitorial services.
4. The
Licensee may also pay reasonable amounts for the use of suitable premises,
furniture and goods, wares, or merchandise to be given as prizes.
5. All such payments shall be made from the
respective Beano and Games of Chance accounts and reported on the respective
Beano and Games of Chance disposition of funds reports.
6. At no time shall the payments made
pursuant to this rule exceed 20% of the net revenue after deducting expenses
for prizes, license fees and any other direct expense.
7. The Licensee shall, in addition to the
other books and records required hereafter, maintain and keep a separate
financial account in a reputable banking establishment.
Notes
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