WAC 230-10-375   Failing to maintain a positive cash flow.  (1) Bingo licensees must measure adjusted cash flow quarterly to ensure that they maintain a positive cash flow and are not operating primarily for gambling purposes.

     (2) If a licensee does not maintain a positive cash flow from the bingo operation during any two consecutive license year quarters, measured independently, the director summarily suspends the organization's bingo license.

     (3) If a licensee fails to meet the adjusted cash flow requirements for any calendar year, we take administrative action to revoke the organization's bingo license.



[Statutory Authority: RCW 9.46.070. 07-10-033 (Order 610), § 230-10-375, filed 4/24/07, effective 1/1/08.]