Virginia law Section 18.2-340.30 requires qualified organizations involved in charitable gaming to keep detailed records of their receipts, disbursements, and inventory. They must file annual reports with the Department, including financial details and gaming-related information, with late fees applicable for missed deadlines. These reports are public records, ensuring transparency in charitable gaming operations.
All qualified organizations involved in charitable gaming activities in Virginia are required to keep records and file annual reports with the Department.
Reports must include inventory of gaming supplies, receipts from gaming activities, electronic gaming gross receipts, disbursements, and the amount of money on hand, among other details.
Yes, all reports filed under this law are considered public records and can be accessed by the public.
The Department will establish late fees for organizations that do not submit reports by the prescribed deadlines, as regulated by the Commissioner.