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TO AMEND SECTION 12-21-4090, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEPOSITS, TRANSFERS, AND DISBURSEMENTS OF THE PROCEEDS FROM BINGO GAMES, SO AS TO PROVIDE THAT THE NET PROCEEDS ALSO MUST BE APPLIED BY THE NONPROFIT ORGANIZATION FOR CHARITABLE PURPOSES IN THE COUNTY WHERE THE BINGO GAME IS CONDUCTED, OR DISTRIBUTED BY THE ORGANIZATION TO ANOTHER CHARITABLE ORGANIZATION LOCATED IN THAT COUNTY AND USED FOR ITS CHARITABLE PURPOSES IN THE COUNTY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-21-4090 of the 1976 Code, as last amended by Act 334 of 2002, is further amended by adding:
"(L) The net proceeds also must be applied by the nonprofit organization for charitable purposes in the county where the bingo game is conducted, or distributed by the organization to another charitable organization located in that county and used for its charitable purposes in the county."
SECTION 2. This act takes effect upon approval by the Governor.
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