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Can you summarize 13 VTST 2143?
WAGERING AND GAMBLING > Nonprofit organizations
Short Summary
This legal document governs the organization and execution of lotteries, raffles, or other games of chance by nonprofit organizations for the purpose of raising funds for charitable, religious, educational, and civic undertakings. Nonprofit organizations, as defined in 31 V.S.A. 1201(5), are allowed to conduct these games, with certain limitations and restrictions. The use of gambling machines and other mechanical devices described in section 2135 of this title is prohibited. Alcoholic beverages can be distributed or utilized as prizes in these games. Casino events are limited to specific frequencies and intervals. Games of chance have restrictions on proceeds usage, payments to individuals, and prize values. Nonprofit organizations must file financial reports with the Commissioner of Taxes and allow members to examine financial books and records. Violations of the regulations may result in fines or imprisonment depending on the offense. Overall, this document aims to regulate and ensure transparency in the fundraising activities of nonprofit organizations through games of chance.
Whom does it apply to?
Nonprofit organizations as defined in 31 V.S.A. 1201(5)
What does it govern?
Nonprofit organizations organizing and executing lotteries, raffles, or other games of chance for fundraising purposes
What are exemptions?
Gambling machines and other mechanical devices described in section 2135 of this title cannot be utilized under authority of this section. Bingo games with electronically or satellite communicated numbers are prohibited.
What are the Penalties?
Intentional violation of subsection (a) may result in a fine of up to $500.00. Intentional violation of subsection (c), (d), (e), or (f) may result in a fine of up to $10,000.00 for the first offense and a fine of up to $100,000.00 or imprisonment of up to three years, or both, for each subsequent offense.
Jurisdiction
Vermont