Determining Amount Available for Purse Distributions

The commission may distribute the remainderofthe account, up to the maximum amount as defined in 205 CMR 11.03. As soon as practicable, at the end of each calendar year, after all revenue has been collected, and all expenditures in the order of priority specified in the law, have been set aside an accounting of the fund shall be made to the commissioners. The accounting shall report the total revenue received by revenue source and by licensee, the expenditures by each category in the order of priority, minimum purse distributions previously made, the amount available for the final calendar year distribution and any amounts to be deposited to the general fund. The commissioners will then obligate the total amount of money to be distributed as the final purse account distribution for the calendar year ended.