The bill amends Minnesota Statutes 2024, section 349.19, by adding a new subdivision that outlines the procedures and conditions under which organizations can request fund loss due to theft. Specifically, it states that the board cannot deny a fund loss request if the loss is due to theft of cash, inventory, or prizes, provided that the organization has filed timely reports with local law enforcement and the board. However, the board may deny requests if the organization has submitted two or more fund loss requests in the past 12 months, based on specified criteria.

Additionally, if a fund loss request is denied, the board is required to provide a written explanation detailing the reasons for the denial and suggesting corrective actions to prevent future losses. Importantly, the bill stipulates that the board cannot require organizations to reimburse their gambling accounts for the amount of the fund loss from non-gambling funds if the loss was due to theft, even in cases where the request has been denied.

Statutes affected:
Introduction: 349.19