Texas § OC.2001.435 - UNIT ACCOUNTING
Full text of Texas The Texas Constitution § OC.2001.435 — UNIT ACCOUNTING, with citation guidance and answers to common questions.
§ OC.2001.435. UNIT ACCOUNTING
UNIT ACCOUNTING. (a) A unit: (1) shall establish and maintain one checking account designated as the unit's bingo account; (2) shall maintain one inventory of bingo supplies and equipment for use in the bingo operations of members of the unit; and (3) may maintain an interest-bearing savings account designated as the unit's bingo savings account. (b) Each member of a unit shall deposit into the unit's bingo account all funds derived from the conduct of bingo, less the amount awarded as cash prizes. The deposit shall be made not later than the third business day after the day of the bingo occasion on which the receipts were obtained. (c) All authorized expenses and distributions of the unit and its members shall be paid from the unit's bingo checking account. Added by Acts 2003, 78th Leg., ch. 1114, Sec. 19, eff. Sept. 1, 2003. Amended by: Acts 2009, 81st Leg., R.S., Ch. 636 (H.B. 1474 ), Sec. 30, eff. October 1, 2009. Acts 2023, 88th Leg., R.S., Ch. 1132 (S.B. 643 ), Sec. 10, eff. September 1, 2023.
Frequently Asked Questions About Texas § OC.2001.435
What does The Texas Constitution § OC.2001.435 cover?
Section OC.2001.435 ("UNIT ACCOUNTING") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § OC.2001.435?
A common citation format is "The Texas Constitution § OC.2001.435" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § OC.2001.435 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.