(a) For the purposes of this section, “bingo game” and “municipal official” have the same meaning as provided in subsection (a) of section 7-169.

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(b) Any parent teacher association or organization may operate and conduct bingo games for the amusement and recreation of such association’s or organization’s members and guests without a permit, as required by section 7-169, provided (1) such association or organization registers annually with the municipal official and pays an annual registration fee of not more than seventy-five dollars, (2) such association or organization obtains an identification number from the municipal official, (3) such association or organization charges an admission fee of not more than one dollar, (4) each individual prize of cash or merchandise offered does not exceed fifty dollars in value, and (5) only active members of such association or organization assist in the operation of the games of bingo and assist without compensation. The municipal official may revoke any such registration for cause.

(c) Each such association or organization shall keep accurate records of receipts and disbursements related to such bingo games, and such records shall be available for inspection by the municipal official.

(d) Each such association or organization shall be exempt from the requirements of sections 7-169 and 7-169a.