Financial Management and Administration of Non-pooling Bingo Halls: Terms and Conditions

These terms and conditions apply to all lottery licensees except those who conduct and manage charitable gaming events that are subject to the Charitable Gaming Events Conducted and Managed in Pooling Bingo Halls Terms and Conditions (4241E).

DEFINITIONS

CDTA—short form of “consolidated designated trust account,” which means an account designated as a trust account by the financial institution in which it is held by an HCA, into which are deposited the proceeds derived from events conducted and managed pursuant to lottery licenses, in accordance with these terms and conditions.

DLTA—short form of “designated lottery trust account,” which means an account desig­nated as a trust account by the financial institution in which it is held by a lottery licensee, into which are deposited the proceeds derived from events conducted and managed pur­suant to lottery licenses, in accordance with these terms and conditions.

EFT—short form of “electronic funds transfer,” which means a system of technology that allows for lottery proceeds to be transferred securely by electronic means to deposit monies into a lottery trust account, to pay for expenses, or to distribute net proceeds to eligible recipients or by an HCA to its member organizations’ lottery trust accounts.

HCA—short form of “Hall Charities Association,” which means an association formed by all the licensees conducting bingo and other lotteries within a bingo hall or other charita­ble gaming site.