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BINGO
<br />cot exceed $2,500 except that in
<br />;ame is played for a maximum
<br />gregate value of prizes for the
<br />s shall be valued at fair market
<br />in connection with the conduct
<br />lies and equipment, prizes, rent,
<br />ees, taxes related to bingo, and
<br />very prize shall be awarded and
<br />?,ducted.
<br />pervision of a bingo manager
<br />° gross receipts and profits from
<br />nee with all applicable laws and
<br />n the sum of $10,000 in favor of
<br />f his duties. Terms of the bond
<br />;using authority not less than 30
<br />local unit of government may
<br />on in the bingo license issued to
<br />provision shall be granted only
<br />✓ more than one organization.
<br />c. 166 did not contain appropriation
<br />:ific effective date. See § 645.02 for
<br />ermining the effective date.
<br />ences
<br />v5.
<br />ries § 17.
<br />asion. The checker or checkers
<br />to the completion of each game
<br />checker shall certify all figures
<br />his knowledge. A local unit of
<br />it provides.
<br />irements of sections 349.14 and
<br />n with a county fair conducted
<br />e fair conducted by the state
<br />olution or other similar official
<br />is conducted for no rho e than
<br />organization that conducts less
<br />>ts and profits for each bingo
<br />records for the bingo occasion
<br />n. All deductions from gross
<br />receipts or other records. The
<br />mount and date of payment.
<br />BINGO
<br />§ 349.21
<br />Bingo gross receipts shall be segregated from other revenues of an organization and
<br />placed in a separate account. Each organization shall maintain separate records of its
<br />bingo operations. The person who accounts for bingo gross receipts and profits shall not
<br />he the same person who accounts for other revenues of the organization. Records required
<br />by Laws 1976, chapter 261 shall be preserved for three years. The law enforcement
<br />ttgency of the licensing authority shall have the authority to investigate the bingo records
<br />of an organization at any reasonable time. Organizations shall make available their bingo
<br />records for investigation upon proper notice.
<br />Laws 1976, c. 261, § 10.
<br />349.21. Reports; discrepancies, reporting agencies
<br />Subdivision I. If any discrepancy is found between the amount of gross receipts for a
<br />bingo occasion as determined by the checker's records and the amount of gross receipts as
<br />determined by totaling the cash receipts and the discrepancy exceeds $20, the discrepancy
<br />shall be reported to and investigated by the licensing authority of the place where the
<br />bingo occasion was held.
<br />Sulxl. 2. An organization shall report monthly to its membership its gross receipts from
<br />bingo, its profits from bingo and the distribution of those profits itemized as required by
<br />section 349.20.
<br />Subd. 3. At least 30 days prior to conducting its first bingo occasion of the year and on
<br />an annual basis thereafter, an organization shall file with the local government unit which
<br />regulates its conduct copies of the following:
<br />(a) Department of the treasury, internal revenue service, "Return of Organization
<br />Exempt from Income Tax," Form 990, or a comparable form if the organization is required
<br />to file the form with the department of the treasury;
<br />(b) Department of the treasury, internal revenue service, "Exempt Organization Busi-
<br />ness Income Tax," Form 990 —T, or a comparable form if the organization is required to file
<br />the form with the department of the treasury;
<br />(c) A "Statement of Bingo Operations" in the form prescribed by the local governmental
<br />unit. All information contained in the statement shall be true, correct, and complete to
<br />the best of the knowledge of the person or persons signing the statement. Any person
<br />who shall knowingly make a false statement or knowingly conceal a material fact in the
<br />statement shall be subject to the penalties provided in section 349.22;
<br />(d) Any lease agreements required by Laws 1976, Chapter 261, executed by the organi-
<br />zation in regard to premises leased for the conduct of bingo.
<br />Laws 1976, c. 261, § 11; Amended by Laws 1979, c. 188, § 1, eff. May 25, 1979.
<br />1979 Amendment. Revised subd. 3 which for-
<br />merly read:
<br />"At least 30 days prior to conducting its first
<br />bingo occasion of the year and on an annual basis
<br />thereafter, an organization shall file with the local
<br />government unit which regulates its conduct cop-
<br />ies of the following:
<br />"(a) Department of the treasury, internal reve-
<br />nue service, ' Return of Organization Exempt from
<br />Income Tax,' Form 990, or a comparable form if
<br />the organization is required to file the form with
<br />the department of the treasury;
<br />"(b) Department of the treasury, internal reve-
<br />nue service, 'Exempt Organization Business In-
<br />come Tax,' Form 990-T, or a comparable form if
<br />the organization is required to file the form with
<br />the department of the treasury;
<br />"(c) The annual report required of charitable
<br />organizations by Minnesota Statutes 1974, Section
<br />309.53, provided that an organization that con-
<br />ducts bingo but is exempt from submitting this
<br />report to the department of commerce under sec-
<br />tion 309.53, subdivision la, shall nevertheless sub-
<br />mit such a report under this subdivision;
<br />"(d) The Minnesota department of commerce
<br />'Statement of Bingo Operations.' All in.ormation
<br />contained in the statement shall be true, correct,
<br />and complete to the best of the knowledge of the
<br />person or persons signing the statement. Any
<br />person who shall knowingly make a false state-
<br />ment or knowingly conceal a material fact in the
<br />statement shall be subject to the penalties provid-
<br />ed in section 349.22;
<br />"(e) Any lease agreements required by Laws
<br />1976, Chapter 261, executed by the organization
<br />in regard to premises leased for the conduct of
<br />bingo."
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