N.Y. General Municipal Law § 491: Statement of receipts, expenses; additional license fees

§ 491. Statement of receipts, expenses; additional license fees. 1.

Within seven days after the conclusion of any occasion of bingo, the

authorized organization that conducted the same, and such authorized

organization's members who were in charge thereof, and when applicable

the authorized organization that rented its premises therefor, shall

each furnish to the clerk of the municipality a statement subscribed by

the member in charge and affirmed by such person as true, under the

penalties of perjury, showing the amount of the gross receipts derived

therefrom and each item of expense incurred, or paid, and each item of

expenditure made or to be made, the name and address of each person to

whom each such item has been paid, or is to be paid, with a detailed

description of the merchandise purchased or the services rendered

therefor, the net proceeds derived from such game or rental, as the case

may be, and the use to which such proceeds have been or are to be

applied and a list of prizes offered and given, with the respective

values thereof. A clerk may make provisions for the option for the

electronic filing of such statement. It shall be the duty of each

licensee to maintain and keep such books and records as may be necessary

to substantiate the particulars of each such statement and within

fifteen days after the end of each calendar quarter during which there

has been any occasion of bingo, a summary statement of such information,

in form prescribed by the commission, shall be furnished in the same

manner to the commission.

2. Upon the filing of such statement of receipts, the authorized

organization furnishing the same shall pay to the clerk of the

municipality as and for an additional license fee a sum based upon the

reported net proceeds, if any, for the occasion covered by such

statement and determined in accordance with such schedule as shall be

established from time to time by the commission to defray the cost to

municipalities of administering the provisions of this article and of

article nineteen-B of the executive law.