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Home » US Law » 2022 West Virginia Code » Chapter 47. Regulation of Trade » Article 20. Charitable Bingo » §47-20-15. Payment of Reasonable Expenses From Proceeds; Net Proceeds Disbursement

(a) The reasonable, necessary and actual expenses incurred in connection with the conduct of bingo occasions, not to exceed 40 percent of the gross proceeds collected during a license period, may be paid out of the gross proceeds of the conduct of bingo, including, but not limited to:

(1) Rent paid for the use of the premises: Provided, That a copy of the rental agreement was filed with the bingo license application and any changes to the rental agreement were filed within 10 days of being made: Provided, however, That in no event may the rent paid for the use of any premises exceed the fair market value of rent for the premises;