88R4158 BEE-D
 
  By: Thompson of Harris H.B. No. 1024
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the value of a residential dwelling offered or awarded
  as a prize at a charitable raffle.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2002.056(b-1), Occupations Code, is
  amended to read as follows:
         (b-1)  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 may not exceed
  $1,000,000 [$250,000].
         SECTION 2.  The change in law made by this Act applies only
  to a charitable raffle conducted under Chapter 2002, Occupations
  Code, for which a residential dwelling is offered or awarded as a
  prize on or after the effective date of this Act.  A charitable
  raffle conducted under Chapter 2002, Occupations Code, for which a
  residential dwelling is offered or awarded as a prize before the
  effective date of this Act is governed by the law in effect on the
  date the prize was offered or awarded, and the former law is
  continued in effect for that purpose.
         SECTION 3.  This Act takes effect September 1, 2023.