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 specific penalties for gaming operators that fail to comply with reporting requirements or provide false information, classifying such actions as a Class IV felony. The Auditor of Public Accounts is tasked with reviewing the audits for accuracy and reporting findings to the Governor, Legislature, and gaming commission. The expenses incurred from these reviews and examinations will be covered by the Racetrack Gaming Fund, ensuring that the oversight of gaming operations is both thorough and financially supported.

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