Every corporation or association licensed under sections 2-1201 to 2-1218 shall, before said license is issued, give a bond to the State of Nebraska in such reasonable sum as the commission shall fix, with a surety or sureties to be approved by the commission, conditioned to faithfully make the payments prescribed by said sections, to keep its books and records and make reports as herein provided, and to conduct its racing in conformity with the provisions of said sections and the rules and regulations prescribed by the commission.

This legal document imposes a tax on the gross sum wagered by the parimutuel method at each race enclosure in Nebraska. The tax rates vary based on the amount wagered: the first ten million dollars are exempt from taxation, amounts over ten million dollars but less than or equal to seventy-three million dollars are taxed at a rate of two and one-half percent, and amounts exceeding seventy-three million dollars are taxed at a rate of four percent.

(1) The Department of Revenue shall audit and verify the amount of the tax that is due the state as provided by sections 2-1208 to 2-1208.02. (2) The pertinent provisions of sections 77-2708 to 77-2713, 77-27,125 to 77-27,131, and 77-27,133 to 77-27,135, shall be applicable to the administration and collection of the tax imposed by section 2-1208.01, except that the information obtained by the Department of Revenue in its audit and enforcement activities shall continue to be public records as defined in section 84-712.

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.

Any person, corporation, or association holding or conducting any horserace or horserace meeting in connection with which the parimutuel system of wagering is used or to be used, without a license duly issued by the commission; or any person, corporation, or association holding or conducting horseraces or horserace meetings in connection with which any wagering is permitted otherwise than in the manner specified in sections 2-1201 to 2-1218; or any person, corporation, or association violating any of the provisions of sections 2-1201 to 2-1218 or any of the rules and regulations prescribed by the commission, shall be guilty of a Class IV felony.

It is the intention of the Legislature to provide a right of privacy as described and limited by sections 20-201 to 20-211 and 25-840.01, and to give to any natural person a legal remedy in the event of violation of the right. Source: Laws 1979, LB 394, 1.

Sections 21-1701 to 21-17,115 shall be known and may be cited as the Credit Union Act. Source: Laws 1996, LB 948, 1; Laws 2000, LB 932, 23; Laws 2002, LB 957, 15; Laws 2017, LB375, 1.

Financial institution shall mean a bank, savings bank, building and loan association, savings and loan association, or credit union, whether chartered by the United States, the department, or a foreign state agency; any other similar organization which is covered by federal deposit insurance; or a trust company. Source: Laws 2017, LB375, 2.

This legal document governs gambling activity and related offenses in Nebraska. It defines various terms related to gambling, such as advancing gambling activity, bookmaking, profiting from gambling activity, engaging in gambling, and gambling devices. The document specifies that engaging in gambling includes betting something of value on the outcome of a future event or game, participating in certain lotteries, raffles, or gift enterprises not authorized by specific acts, but excludes lawful business transactions, playing amusement devices or coin-operated mechanical games with non-exchangeable prizes, conducting or participating in prize contests, and conducting or participating in authorized bingo, lottery, raffle, game of chance, or gift enterprise.

(1) A person commits the offense of promoting gambling in the first degree if he or she knowingly advances or profits from unlawful gambling activity by: (a) Engaging in bookmaking to the extent that he or she receives or accepts in any one day one or more bets totaling one thousand five hundred dollars or more; or (b) Receiving, in connection with any unlawful gambling scheme or enterprise, one thousand five hundred dollars or more of money played in the scheme or enterprise in any one day.