(A) Each organization licensed to conduct lawful gambling within the city pursuant to M.S. § 349.16, as it may be amended from time to time, shall contribute 10% of its net profits derived from lawful gambling, except bingo and raffles, in the city to a fund administered and regulated by the city without cost to the fund. The city shall disburse the funds for lawful purposes as defined by M.S. § 349.12, subd. 25, as it may be amended from time to time. For the purpose of this requirement, NET PROFITS are defined as gross profit less sums actually expended for allowable expenses as reported to the State Department of Revenue. Such contributions shall be made to the city within 30 days of the end of the organization’s fiscal year.
(B) The city shall use such funds to assist in the operations of the City Police Department or for other emergency services as deemed lawful by the state.
Penalty, see § 130.99