HB 365 Summary

• Amends AS 05.15.060(a) to establish regulations for charitable gaming accounts and disbursement methods
• Requires department regulations to allow disbursements by check, electronic funds transfer, and other department-approved methods
• Mandates that any disbursement exceeding $5,000 must be made by check signed by two authorized members of the permittee
• Corrects terminology in multiple-beneficiary permit provisions by changing "per" to "each" for clarity on bingo session and game allowances