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10% Contribution Authority <br />Legal Basis for 10% Contribution <br />•MN Statute 349.213 permits a city, through an ordinance, to <br />require that eligible organizations contribute 10 percent of <br />their annual net profits from lawful gambling conducted within <br />the city’s jurisdiction to a fund that is managed and regulated <br />by the city <br />•Lake Elmo ordinance authorizes this collection <br />•Net profits = gross profits – allowable expenses & taxes <br />•City is going to collect from all approved organizations