Bill > HF753

This bill modifies existing Minnesota law regarding how licensed veterans organizations can use gross profits from lawful gambling, specifically expanding their ability to spend gambling proceeds on property repairs and improvements. Currently, veterans organizations are limited to spending only 5% of their previous fiscal year's gross profits on property maintenance, with strict restrictions on what those expenditures can cover. Under this bill, licensed veterans organizations would be temporarily authorized (until July 1, 2031) to spend up to 50% of their previous fiscal year's gross profits on property repairs, maintenance, and improvements, with significantly more flexibility. The new provisions would allow expenditures for building expansions and bar-related expenses, which were previously prohibited. The bill also maintains provisions for making buildings compliant with the Americans with Disabilities Act and allows for potential board approval of expenditures that exceed the established limit due to extenuating circumstances. The changes are specifically targeted at veterans organizations and are designed to provide them with more financial latitude in managing their physical assets using gambling-generated revenue. The bill becomes effective the day after its final enactment.

Business and Industry, Military Affairs and Security

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0753&ssn=0&y=2025