Bill
Bill > LB280
NE LB280
Require audits of authorized gaming operators and provide powers and duties for the Auditor of Public Accounts
summary
Introduced
01/15/2025
01/15/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
Passed
Dead
Introduced Session
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to gaming; to amend sections 9-1202, 9-1205, 9-1206, and 9-1207, Reissue Revised Statutes of Nebraska, and sections 2-1202 and 9-1107, Revised Statutes Cumulative Supplement, 2024; to change the authorized uses of the Racing and Gaming Commission's Racetrack Gaming Fund; to require an authorized gaming operator to have an annual audit as prescribed; to require reports; to provide powers and duties for the Auditor of Public Accounts to review the audit report of an authorized gaming operator and examine the books, records, funds, and accounts of authorized gaming operators as prescribed; and to repeal the original sections.
AI Summary
This bill establishes new audit and oversight requirements for authorized gaming operators in Nebraska. It requires each gaming operator to conduct an annual financial audit performed by an independent certified public accountant, which must be submitted electronically to both the Auditor of Public Accounts and the gaming commission within six months of the fiscal year's end. The Auditor of Public Accounts is granted expanded powers to review these audit reports for mathematical errors, accounting improprieties, and other deficiencies, particularly those affecting gross gaming revenue calculations or annual gaming taxes. The Auditor may also conduct discretionary examinations of gaming operators' books, records, and accounts to assess tax calculation and collection accuracy, following government auditing standards. The expenses for these reviews and examinations will be paid from the Racing and Gaming Commission's Racetrack Gaming Fund, and the Auditor must report findings electronically to the Governor, Legislature, and gaming commission. Additionally, the bill makes minor technical amendments to several existing statutes related to gaming regulations, including expanding the Racing and Gaming Commission's fund usage and clarifying reporting requirements for gaming operators.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
General Affairs Hearing (13:30:00 2/10/2025 Room 1023) (on 02/10/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59520 |
| Fiscal Note for LB280 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB280_20250207-124832.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB280.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB280.pdf |
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