MN SF2476

Amends Minnesota Statutes section 349.12, subdivision 25 to redefine "lawful purpose" for expenditures of gambling proceeds by licensed organizations

Specifies 25 categories of allowable expenditures including contributions to 501(c)(3) organizations, educational institutions, military support activities, youth recreational facilities, and community arts programs

Establishes limits on certain expenditures: 5 percent of gross profits annually for real property repair/maintenance (fiscal year July 1 - June 30), up to $5,000 annually per veterans post home for membership events, and $35 per diem for military honor guard participants within Minnesota and contiguous states

Requires board approval for capital asset acquisitions over $2,000, real property transactions, and replacement buildings; requires 51 percent project completion within two years of approval or organizations must reapply

Prohibits gambling proceeds from influencing elections, promoting or defeating ballot questions, funding governmental pension/retirement programs, or circumventing lawful purpose restrictions