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House Bill 541 |
House Author: Krusee |
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Effective: 6-18-05 |
Senate Sponsor: Jackson, Mike |
House Bill 541 amends provisions of the Occupations Code relating to the conduct of charitable raffles. The bill defines "money" as it pertains to raffle prizes to mean coins, paper currency, or a readily convertible negotiable instrument; removes provisions requiring that organizations authorized to conduct such raffles have a governing body or officers elected by its members or by delegates of its members; and removes a provision that prohibits a person who is not a member of the organization from selling or offering to sell raffle tickets, requiring only that the person be authorized by the organization to conduct such transactions. The bill places a $250,000 limit on the value of a residential dwelling offered or awarded as a raffle prize.