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Court records show an agreement has been reached in the felony theft case involving Dallas Rice and a local archery club.
Rice was charged in March in North Central District Court with one count of theft over $50,000 and one count of conspiracy to commit theft in excess of $50,000, both Class A felonies.
According to the court affidavit, Souris Valley Bowmen board members discovered a large sum of money missing while investigating a bounced check in July 2025. The board identified Rice, who had served as club president for several years, as the primary suspect.
Rice admitted to using club funds for personal expenses and agreed to repay $160,000, which the club received on July 18, 2025. A further review of bank records by investigators calculated total unauthorized transactions of more than $183,000 from the general and gaming accounts.
A preliminary hearing set for Thursday, July 30, was canceled. Rice had faced a maximum sentence of 20 years in prison on each Class A felony count.
Dallas Rice's wife, Nichole Rice, who had held the roles of secretary and treasurer for the club, also was charged with a felony count of conspiracy to commit theft in excess of $50,000 and a Class B felony charge of theft between $10,000 and $50,000. At this time, a jury trial remains set for November. Nichole Rice faces up to 20 years on the conspiracy count and up to 10 years on the Class B felony theft charge.