(A) Membership. Each licensed organization shall report monthly to its membership its gross receipts from bingo, its profits from bingo, and the distribution of those profits itemized as required by § 110.26(A) of this chapter.
(B) Council. At the time of making its first license application under this subchapter, and on an annual basis thereafter, each licensed organization shall file with the Council copies of the following:
(1) The most recently filed Department of the Treasury, Internal Revenue Service, Form 990, Form 990T or comparable form if the organization is required to file the form with the Department of the Treasury;
(2) The most recently filed annual report required of charitable organizations by M.S. § 309.53, as it may be amended from time to time; provided that, an organization that is licensed to conduct bingo but is exempt from submitting this report to the Department of Commerce under M.S. § 309.53, as it may be amended from time to time, shall nevertheless submit such a report under this division (B)(2);
(3) The most recently filed State Department of Commerce “Statement of Bingo Operations”. All information contained in the statement shall be true, correct and complete to the best of the knowledge of the person or persons signing the statement; and
(4) Any lease agreements required by this act, executed by the organization in regard to premises leased for the conduct of bingo.
(C) False statements. No person shall knowingly make a false statement in any report required by this section.
(1978 Code, § 504.10) Penalty, see § 110.99