This bill amends several sections of the Nebraska Revised Statutes to enhance the regulatory framework surrounding gaming operations in the state. Key changes include the expansion of authorized uses for the Racing and Gaming Commission's Racetrack Gaming Fund to include audits and examinations as required by the new provisions. Additionally, the bill mandates that authorized gaming operators undergo annual audits conducted by independent certified public accountants, with the results submitted to both the Auditor of Public Accounts and the gaming commission. The Auditor is also granted the authority to review these audit reports and examine the financial records of gaming operators to ensure compliance with tax regulations.

Furthermore, the bill introduces penalties for authorized gaming operators who fail to comply with reporting requirements or who provide false information. It establishes a structured process for the Auditor of Public Accounts to review the audits and conduct examinations of the operators' financial practices, ensuring transparency and accountability in the gaming industry. The expenses incurred from these reviews and examinations will be covered by the Racetrack Gaming Fund, reinforcing the financial oversight of gaming operations in Nebraska.

Statutes affected:
Introduced: 2-1202, 9-1107, 9-1202, 9-1205, 9-1206, 9-1207