The reports required by this section shall contain the name,
address and social security number of any individual who received
during the course of a raffle occasion prizes the aggregate value
of which exceeded one hundred dollars, and other information
required by the commissioner: Provided, That any licensee failing
to file the report when due is liable for a penalty of twenty-five
dollars for each month or fraction of a month during which the
failure continues, the penalty not to exceed one hundred dollars:
Provided, however, That annual financial reports must contain
either a compilation or review of such financial report by a
certified or licensed public accountant, or may be audited by a
certified or licensed public accountant, if a licensee's gross
receipts exceed fifty thousand dollars.
Note: WV Code updated with legislation passed through the 2013 1st Special Session
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