Honorable Bill Ratliff, Chair, Senate Committee on State Affairs
FROM:
John Keel, Director, Legislative Budget Board
IN RE:
HB2543 by Bonnen (Relating to allowing nonprofit corporations to offer limited cash prizes under the Charitable Raffle Enabling Act.), As Engrossed
No fiscal implication to the State is anticipated.
The bill would amend Sections 2002.056(a) and (b), Occupations Code, to limit the total amount of prizes of money and cash equivalents offered or awarded at a raffle to $250 and to limit the value of prizes other than money to $50,000.
Local Government Impact
No fiscal implication to units of local government is anticipated.