WVC 47 - 21 - 16
§47-21-16. Records; commissioner audit.
Any licensee which holds a raffle occasion as provided by this
article shall maintain a separate account and separate book-keeping
procedure for its raffle operations: Provided,
That nothing in
this article restricts a licensee from transferring moneys in the
account from a raffle occasion to an account created under section
sixteen, article twenty of this chapter in an amount not to exceed
the actual loss of the bingo occasion receiving the transfer:
That money transferred shall be withdrawn only
by checks having preprinted consecutive numbers and made payable to
the account created under section sixteen, article twenty of this
code. All records required by this article shall be maintained for
at least three years and shall be open to the commissioner for
reasonable inspection. Whenever the commissioner has reasonable
cause to believe a licensee has violated any of the provisions of
this article, he may perform or cause to be performed an audit of
the licensee's books and records.
Note: WV Code updated with legislation passed through the 2013 1st Special Session
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