Texas § OC.2001.457 - REQUIRED DISBURSEMENTS TO CHARITY
Full text of Texas The Texas Constitution § OC.2001.457 — REQUIRED DISBURSEMENTS TO CHARITY, with citation guidance and answers to common questions.
§ OC.2001.457. REQUIRED DISBURSEMENTS TO CHARITY
REQUIRED DISBURSEMENTS TO CHARITY. (a) Before the end of each quarter, a licensed authorized organization shall disburse all of the organization's net proceeds from the preceding quarter, other than amounts retained under Section 2001.451 , as provided by this subchapter. (b) If a licensed authorized organization fails to meet the requirements of Subsection (a) for a quarter, the commission in applying appropriate sanctions shall consider whether, taking into account the amount required to be disbursed during that quarter and the three preceding quarters, the organization has disbursed a total amount sufficient to have met the disbursement requirement for that quarter and the three preceding quarters combined. (c) A licensed authorized organization that has ceased to conduct bingo for any reason and that has unexpended bingo funds shall disburse those funds as provided by this subchapter before the end of the next calendar quarter after the calendar quarter in which the organization ceases to conduct bingo. (d) Repealed by Acts 2009, 81st Leg., R.S., Ch. 636, Sec. 42(9), eff. October 1, 2009. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2009, 81st Leg., R.S., Ch. 636 (H.B. 1474 ), Sec. 34, eff. October 1, 2009. Acts 2009, 81st Leg., R.S., Ch. 636 (H.B. 1474 ), Sec. 42(9), eff. October 1, 2009.
Frequently Asked Questions About Texas § OC.2001.457
What does The Texas Constitution § OC.2001.457 cover?
Section OC.2001.457 ("REQUIRED DISBURSEMENTS TO CHARITY") 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.2001.457?
A common citation format is "The Texas Constitution § OC.2001.457" (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.2001.457 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.