463.40965 - Reporting and expenditure of net proceeds of charitable bingo. - Nevada Statutes

463.40965  Reporting and expenditure of net proceeds of charitable bingo.

      1.  A qualified organization shall expend the net proceeds of charitable bingo only for the benefit of charitable or nonprofit activities in this state.

      2.  On or before February 1 of each year, a qualified organization approved by the Executive Director shall submit to the Executive Director a financial report on its charitable bingo activities for the preceding calendar year. The financial report must include a statement of:

      (a) The expenses incurred in the operation of charitable bingo games; and

      (b) The amount and use of the net proceeds of charitable bingo games.

      (Added to NRS by 1993, 1162)