Bill > SF623

This bill amends Minnesota's lawful gambling statutes to expand the ways licensed veterans organizations can use their gross profits from gambling activities. Specifically, the bill creates a new provision that allows licensed veterans organizations to spend up to 50% of their previous fiscal year's gross profits (increased from the current 5%) on repairing, maintaining, or improving real property and capital assets they own, with board approval. Unlike the previous law, this new provision also explicitly allows expenditures for building expansions and bar-related expenses, which were previously prohibited. The changes are time-limited, applying only until July 1, 2031. The bill maintains existing provisions that allow organizations to make improvements to bring buildings into compliance with the Americans with Disabilities Act and provides flexibility for replacing buildings under certain circumstances. This modification aims to give veterans organizations more financial flexibility in managing and maintaining their facilities using funds generated from lawful gambling activities, while still maintaining oversight through board approval requirements.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0623&ssn=0&y=2025