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Ch. 502, Art. 12 i/LAWS of MINNESOTA for 1994 617 616 LAWS of MINNESOTA for IQ94 Ch. 502. Art. 12 Subd. 2. ACCOUNTS. Gross receipts from lawful amblin must be CA" sert+ty ' �" "� ec�urate segregated from all other revenues of the conducting organization and Ip aced in a and soaest to the best of has knowledge A k%,PA uoat of R4vefr~n4 mat' se ap rate account. The person who accounts for gamblin gross receipts and e the fesords to be on forums whi- N pr-ovid rp after m_ay not be the same pemo n who accounts for other revenues of the Subdivision 1. LEASE OR OWNERSHIP REQUIRED. An organiza- organization. tion may conduct lawful gamblin only on rep miser it owns or leases Lcases Suhd. 3. EXPENDITURES. All expenditures of bingo rp °fits must be must be for a period of at least one year and must he in writing. Copies of all itemized as to payee, purpose, amount, and date of payment. leases must he made available to empto)•ees of the hoard on request. A_ lease may not rovide for rental payment based on a rcema a of rerci is or rofits from Suhd. 4. DISCREPANCIES. If at a bingo occasion a discrepancy of _ �— - P Y - _ L1C B - _P - '�-- -- more than S20 is found between the gross receipts as reported §1 the checkers lawful gambling. and the cons recd is determined b j addin the cash receipts the discre anc Subd. 2. EXCEPTIONS. A licensed rj!ganizalion !n�y conduct raf- must be r_eporled to the board within five duke of the bin o occasion. ne.s'on a rp emise,it does not own or lease. Subd. 5. REPORTS. A licensed organization must report to the board A licensed organization may with the permission of the board, conduct and to its membership monthl on its gross receipts, expenses,• rp °fits, and bingo on rep •miser it does not own or lease for S to six d� in a calendar year, expenditure of profits from lawful gambling. If the organization conducts both in connection with a count fair or civil celebration. hingo and other forms of lawful gambling, the fi ores for both must be re-x - Y — - — separately. In addition, a licensed organization must report t_o the board Subd. 3. PROCEEDS FROM RENTAL. A licensed organization which monthly on its purchases o_f ag mbling equipment and must include the leases rep raises it owns to one or more other licensed organizations for purposes quantity. and dollar amount from each supplier separately. The report s must be includin the conduct of lawful gamblin may exl end the rental rp o cceds, less on a_ form the board prescribes. reasonable deductions for maintenance, furnishings, and utilities, !jry for lawful The rental proceed must be recorded and re °recd as rocce Is from Subd. 6. PRESERVATION OF RECORDS. Records required to be purposes. C — - — -- - �- key by this section must be preserved for at least three years and may be amblin under section 349.19. inspected b j em to cps of the board at any reasonable time without notice or a Sec. 13. Minnesota Statutes 1982• section 349.14, is amended to read: search warrant. 349.19 EXIEMPTION RECORDS AND REPORTS. Subd. 7. TAX RECORDS. The board may�j rule require each licensed organization to provide odes of forms it tiles with the United States department a rsaay he sc+radusted without soptp440g with the feyuireraae+ata of of the treasury which are required for organizations exempt from income tax. testrons 349 14 and 349 17, rubdivirmong a and 3, if swtadu« fa-) is G4mA&A+o++ Sec. 14. Minnesota Statutes 1982, section 349.20, is amended to read: with a sou_my fak coadwsted by a soawt-y "riculk-PA wKiel Of ANNO:iatNa+►, the state fair 'Conducted by the state affisultural Mvziety of a twit: eelehrati" 349.21 RECORDS � AN RAT$ MANAGERS. rec,�gniaed by resolution or c0ww similaf offw- l at;titua of the 14w4d R+werniog ht�d that the u:c-ouiduc4ed tos no rnorP tban 13 so+u:ecutive dayr, Fiac;h Hrga►uaatiow rball keep reserdb et its gs� reseip<F and 1►reGtF twr y provided ' each hingo oCCatiiooi Gross reseiplr. shall he sompafed to the cheskeds feserds iia any oae caler+daar year; of, (b) by an that. "mmh u looA than f+ve ' � � aoy � y� for the binges oss:rritart by a Pecswn who did not tell Cards far the binge essat:ic+n. A41 do d-wiiwrar faun grot;a reseiplf; from a bingo ossasiwra rhaA be documented Subdivision I. -REQUIRED RECORD OF RECEIPTS. A licensed or- with reseipio ou other records The distribution of PFOA46_r1tall to ganization must kS�p a record of each occasion on which it conducts gambling, Payee, amwtu>a and date,of payment. includin each bin o occasion and each dqa on which other forms of lawful BiW g FOGOOPI amblin are conducted. The record must include gross receipts, quantities of .@ all fsertt an free la s if an expenses and rofits. The board may h rule rovide for the oe 14W and PL m a separate aCSwi+wf. F3ash erganiaatien shall mai+ataiu tLy_ _ — '�- — -� — 'L-- - - repafate reserdr: of its bingo oPeratiews The persew.who assaum for bingo method by which expenses are documented. In the rase of bingo, gars receipts " ergF h Prsn who assouw#6 far ethef must be compared to the checkers' records for the occasion by a perso n who did revenues Of Lawf;4074 U4 shau not sell cards for the occasion. Se arat e records must he ke t for bi o and all _ _ -�_ _ -C - _-n g- — - be Preoerved for three years. The Jaw ewtwscement.agency of the lisensiag other forms of lawful gambling. Changes or additions are indicated by underline, deletions by FtfikeeW. Changes or additions are indicated by underline, deletions by r.+rike«+w. �t