Accounting statement

Any organization that receives a license in accordance with North Dakota Century Code sections 20.1-04-07.1, 20.1-05.1-01, and 20.1-05.1-02 shall provide the director a detailed accounting statement, completed on a standardized form provided by the department, by December thirty-first of the license season. At a minimum, this statement must include information regarding raffle or auction expenses, gross and net raffle or auction income, number of raffle tickets sold and unsold, as well as a statement certifying that no more than ten percent of the gross raffle or auction proceeds were used to promote the raffle or auction. History: Effective October 1, 2017; amended effective October 1, 2020. General Authority: NDCC 20.1-04-07.1, 20.1-05.1-01, 20.1-05.1-02 Law Implemented: NDCC 20.1-04-07.1, 20.1-05.1-01, 20.1-05.1-02