(1) Each Linked Progressive Bingo Games Escrow Agent shall file a monthly report with the Department not later than 10 days after the end of each month. The report shall be on a form prescribed by the Department. The report shall include the following information:
- (a) The total escrowed funds deposited during the reporting period.
- (b) An itemized record of the escrowed funds paid to the escrow agent by each participating licensee, listing the amount and date received.
- (c) The total prize payouts made by the escrow agent, listed by participating licensee and each winning player and showing the date of the payout.
- (2) Escrow agents will maintain adequate records to document the custody and transfer of funds under their control for a period of not less than three years.
Statutory/Other Authority
ORS 167.117(10) & (12), 464.250(1) & 914
Statutes/Other Implemented
SB 716 & 2003
History
DOJ 8-2004, f. & cert. ef. 5-19-04