Ask Reggi Your Question Now
Reggi is the free generative AI assistance for regulatory compliance
Can you summarize WAAC 230-09-001?
Fund-raising event rules. > Purpose.
Short Summary
Licensees may only hold fund-raising events (FREs) to raise funds for organizational purposes. Licensees must operate the FRE with a profit motive. A ‘profit motive’ means a gambling activity conducted for purposes of obtaining funds for a charitable or nonprofit organization’s programs. FRE licensees must make a good faith effort to ensure that the expenses paid for all phases of the FRE are less than the total gross receipts received. [Statutory Authority: RCW 9.46.070. WSR 06-22-051 (Order 604), 230-09-001, filed 10/27/06, effective 1/1/08.]
Jurisdiction
Washington