Alabama Code 45-51-150.08. Bingo games – Disposition of proceeds
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The net proceeds of a bingo game shall be devoted to the charitable, educational, and other lawful purposes of the permit holder; provided, however, all reasonable expenses incurred or paid in connection with the holding, operating, or conducting of bingo, including the following bona fide expenses, in reasonable amounts, shall be allowed:
Terms Used In Alabama Code 45-51-150.08
- following: means next after. See Alabama Code 1-1-1
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
