463.40965 - Reporting and expenditure of net proceeds of charitable bingo.
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)