MN HF753

Licensed veterans organizations may spend up to 50% of gross profits from the previous fiscal year on repair, maintenance, or improvement of real property and capital assets they own, a significant increase from the 5% limit that applies to other organizations

Building expansions and bar-related expenditures are explicitly permitted under this new provision for veterans organizations, unlike the existing rules for other licensed organizations

The provision expires July 1, 2031, and unused allowances cannot be carried forward to future fiscal years

Expenditures exceeding the 50% limit require specific board approval due to extenuating circumstances beyond the organization's control

Veterans organizations may also use these funds for Americans with Disabilities Act compliance or toward constructing/acquiring ADA-compliant replacement buildings with board approval