Minnesota SF623 allows licensed veterans organizations to use gross profits from lawful gambling for real property repairs and improvements.

SF623 amends Minnesota Statutes to authorize licensed veterans organizations to use up to 50% of their gross profits from lawful gambling for the repair, maintenance, or improvement of real property and capital assets before July 1, 2031. The fiscal year for these expenditures is July 1 through June 30, with no carryforward of unused allowances. The total expenditures for the fiscal year cannot exceed the limit unless the board has specifically approved the expenditures due to extenuating circumstances beyond the organization's control.

Minnesota SF623 allows licensed veterans organizations to use gross profits from lawful gambling for real property repairs and improvements.

SF623 amends Minnesota Statutes to authorize licensed veterans organizations to use up to 50% of their gross profits from lawful gambling for the repair, maintenance, or improvement of real property and capital assets before July 1, 2031. The fiscal year for these expenditures is July 1 through June 30, with no carryforward of unused allowances. The total expenditures for the fiscal year cannot exceed the limit unless the board has specifically approved the expenditures due to extenuating circumstances beyond the organization's control.