Current through September 17, 2024
Section 316-35-408 - RECORD KEEPING REQUIREMENTS408.01 Separate records shall be maintained for each individual lottery or raffle conducted. A licensed utilization of funds member shall maintain all records including, but not limited to, the following: 408.01A The total gross proceeds from each lottery or raffle, the number of tickets sold, the price per ticket, the number of free tickets given away, and the value of any free tickets given away;408.01B Receipts for the purchase of prizes to be awarded or the fair market value of prizes donated;408.01C A detailed breakdown of all expenses associated with the conduct of the lottery or raffle;408.01D A record of all persons paid to sell tickets including the person's name, address, telephone number, basis for payment, amount of payment, and date of payment;408.01E Complete and accurate bank account information including all deposits, withdrawals, or transfers of money from the lottery/raffle bank account; and408.01F A detailed breakdown of the disbursement of profits remaining after all allowable expenses, prizes, and taxes have been paid. This shall include the amount of the disbursement, the recipient's name, and the intended use or purpose for the disbursement.408.01G Unless otherwise provided in these regulations, all records required by the Nebraska Lottery and Raffle Act or its corresponding regulations shall be maintained by the organization for a period of not less than three years.316 Neb. Admin. Code, 35, § 408