NRS 462.200
Prohibition against contracting for operation of charitable lottery or charitable game under certain circumstances

  • limitation on expenditure of net proceeds of charitable lottery or charitable game
  • annual financial report required upon request.

1.

A qualified organization:

(a)

Shall not contract with any vendor for the operation of a charitable lottery or charitable game who charges more than 8 percent of the gross proceeds of the charitable lottery or charitable game in exchange for the provision of services.

(b)

Shall expend the net proceeds of a charitable lottery or charitable game only for the benefit of charitable or nonprofit activities in this state.

2.

A qualified organization registered by the Chair shall, upon request, submit to the Chair a financial report on a charitable lottery or charitable game. The financial report must include a statement of:

(a)

The expenses incurred in the operation of the charitable lottery or charitable game; and

(b)

The amount and use of the net proceeds of the charitable lottery or charitable game.

Source: Section 462.200 — Prohibition against contracting for operation of charitable lottery or charitable game under certain circumstances; limitation on expenditure of net proceeds of charitable lottery or charitable game; annual financial report required upon request., https://www.­leg.­state.­nv.­us/NRS/NRS-462.­html#NRS462Sec200.

Last Updated

Feb. 5, 2021

§ 462.200’s source at nv​.us