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563.98 Annual financial reports; renewals.

WI Stat § 563.98 (2019) (N/A)
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563.98 Annual financial reports; renewals.

(1) Each organization licensed under this subchapter shall, on or before the last day of the 12th month beginning after the date on which the license is issued and on or before that same date in each subsequent year, prepare and make available for inspection a report containing the following information in writing regarding the raffles that it has conducted during the previous 12 months:

(a) The number and dates of raffles conducted.

(b) The receipts.

(c) The amount of prizes paid.

(d) The net profit or loss.

(f) For raffles with drawings of the types described in s. 563.03 (5r) (b), an accounting of all sold and unsold tickets for each raffle.

(1e) The department shall request a copy of a report prepared under sub. (1) only upon the receipt of a complaint regarding the conduct of a raffle.

(1g) An organization licensed under this subchapter may renew the license by submitting a $25 renewal fee. All moneys received under this subsection shall be credited to the appropriation account under s. 20.505 (8) (j).

(2) If the fee specified in sub. (1g) is not paid, the department may refuse to renew a license or may suspend a license until the fee is paid.

History: 1977 c. 426; 1979 c. 34 s. 2100 (45) (a); 1983 a. 222; 1989 a. 147; 1991 a. 269 s. 782pd; Stats. 1991 s. 563.98; 1995 a. 27 s. 9123 (6pp); 1997 a. 27; 1999 a. 5; 2013 a. 273; 2015 a. 6.

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563.97 Records.
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