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Can you summarize NERS 2-1211?
AGRICULTURE > Licensees; records; reports; audit.
Short Summary
This legal provision applies to corporations or associations licensed under sections 2-1201 to 2-1218. It requires them to maintain accurate books and records that show the total number of admissions to races conducted, daily admission fees received, and the total amount of money wagered during the race meeting. The provision also mandates the submission of reports and information as required by the commission. Additionally, licensees must provide an annual audit by a certified public accountant, detailing all expenses and disbursements of the previous calendar year. The audit must be submitted to the commission and the Governor by March 30. The specific form for the audit is specified by the commission. No specific penalties are mentioned in this provision.
Whom does it apply to?
Corporations or associations licensed under sections 2-1201 to 2-1218
What does it govern?
Books and records, reports, and audits for corporations or associations licensed under sections 2-1201 to 2-1218
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Nebraska