I believe that the vast majority of fraternal organizations successfully manage their organizations finances, which include the use of gaming proceeds. Most organizations give more than the minimum 10%, increasing the amount to 40% will prevent a lot of organizations the funds to continue to manage their organizations as they feel fit. Many smaller groups would most likely close.

The Economic review form, stated that the increase to 40% "MAY" benefit charities and that there was "NOT" any reliable data to base it upon. This increase will successfully close a large number of these organizations, in essence deceasing the benefit to charities.

There is no explanation for the requirement for additional bank account(s).

Most organizations would only have one bank account that all proceeds would be deposited and checks written from. Accounting software tracks what generates the income as well as tracks where the proceeds are disbursed to. This is what accounting software is for and an auditor would be able to verify the records more efficiently than if they had to review multiple accounts.

I understand the need for regulations but please explain the need for the regulation along with the appropriate data

Thank you