BILL ANALYSIS
Licensing & Administrative Procedures
Committee Report (Substituted)
BACKGROUND AND PURPOSE
Under current law, the maximum value of a charitable raffle prize is $50,000.
C.S.H.B. 1085 raises the value of a charitable raffle prize for residential dwellings to $250,000.
RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 2002.056, Occupations Code, by amending Subsection (b) and Adding Subsection (b-1), as follows:
(b) Prohibits the value of a prize offered or awarded at a raffle that is purchased by the organization of for which the organization provides any consideration from exceeding $50, 000, except as provided by Subsections (b-1) and (c).
(b-1) Prohibits the value of a residential dwelling offered or awarded as a prize at a raffle that is purchased by the organization or for which the organization provides any consideration from exceeding $250, 000.
SECTION 2. Application of the Act.
SECTION 3. Effective date: Immediately, or, if the Act does not receive the necessary vote, the Act takes effect September 1, 2005.
EFFECTIVE DATE
Immediately, or, if the Act does not receive the necessary vote, the Act takes effect September 1, 2005.
COMPARISON OF ORIGINAL TO SUBSTITUTE
C.S.H.B. 1085 modifies the original by removing language that would have raised the value of a prize offered at a raffle up to $ 250,000 and language that would have raised the raffle prize of state lottery tickets to a face value of $250,000.
C.S.H.B. 1085 modifies the bill by adding language prohibiting the value of a residential dwelling offered or awarded as a raffle prize from exceeding $250,000.