(a) A licensed authorized organization conducting bingo shall submit quarterly to the commission a report under oath stating:
(1) the amount of the gross receipts derived from bingo;
(2) each item of expense incurred or paid;
(3) each item of expenditure made or to be made, the name and address of each person to whom each item has been paid or is to be paid, and a detailed description of the merchandise purchased or the services rendered;
(4) the net proceeds derived from bingo;
(5) the use to which the proceeds have been or are to be applied; and
(6) a list of prizes offered and given, with their respective values.
(b) A license holder shall maintain records to substantiate the contents of each report.
(c) Repealed by Acts 2009, 81st Leg., R.S., Ch. 636, Sec. 42(10), eff. October 1, 2009.