Neb. Rev. Stat. §§ 86-223

Current with changes through the 2024 First Special Legislative Session
Section 86-223 - Verifiable retail value, defined

Verifiable retail value means the price (1) at which the solicitor or sponsor can demonstrate that a substantial number of prizes have been sold within the prior twelve months by a person other than the solicitor in the trade area in which the prize notice is given or (2) no more than one and one-half times the amount the solicitor or sponsor paid for the prize.

Neb. Rev. Stat. §§ 86-223

Laws 2002, LB 1105, § 85.