(a)

1. (1) An authorized organization license to conduct both bingo games and raffles may be issued by the Department of Finance and Administration to an authorized organization for an annual fee of one hundred dollars ($100).

2. (2)

   1. (A) This license shall be issued on a fiscal year basis and shall be valid from July 1 to June 30 of the following year.
   2. (B) If an organization obtains a license at any time other than July 1 during the fiscal year, the license will expire on June 30 and the organization must renew on July 1 of the following fiscal year.
   3. (C) Due to the July 31, 2007, effective date of Acts 2007, No. 388, the 2007/2008 fiscal year shall be from July 31, 2007, to June 30, 2008.
3. (3) The authorized organization license shall be subject to annual renewal.

(b) If an authorized organization does not regularly conduct bingo or raffles and does not need an annual license, it may be issued one (1) or more of the following temporary authorized organization licenses:

1. (1) A temporary license to conduct one (1) bingo session for a fee of twenty-five dollars ($25.00);
2. (2) A Class I temporary raffle license to conduct one (1) raffle for a fee of twenty-five dollars ($25.00); or

3. (3)

   1. (A) A Class II temporary raffle license to conduct one (1) raffle in which the total prize package to be given away has:

(i) Been donated; and

1. (ii) A total value of less than five thousand dollars ($5,000).

   1. (B) The fee for a Class II license is ten dollars ($10.00).