WAC 230-09-150. Operating a limited fund-raising event

(1) Licensees must: (a) Require participants to purchase scrip with cash; and (b) Exchange scrip at gambling stations for chips; and (c) Allow only full and regular members to make cash transactions for scrip and maintain records during the FRE; and (d) Disclose the prizes offered. The costs of prizes must not exceed fair market value. The organization may advertise the prize to the participants at the retail value; and (e) Prevent the cost of all prizes from exceeding ten percent of the gross revenue of the event; and (f) Comply with all other FRE rules. (2) Licensees may allow unlimited wagering when using scrip and poker tournament chips.