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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.

NV Rev Stat § 462.200 (2019) (N/A)
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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.

(Added to NRS by 1991, 2261; A 2019, 963)

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NRS 462.190 - Limitations on compensation for prizes and supplies and compensation of persons for services; exceptions.
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