BILL ANALYSIS
Senate Research Center |
H.B. 2820 |
89R20678 PRL-F |
By: Louderback (Hinojosa, Adam) |
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State Affairs |
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5/16/2025 |
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Engrossed |
AUTHOR'S / SPONSOR'S STATEMENT OF INTENT
H.B. 2820 amends current law relating to the maximum amount of operating capital retained in a licensed authorized organization's charitable bingo account.
RULEMAKING AUTHORITY
This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 2001.451(h), Occupations Code, as follows:
(h) Authorizes a licensed authorized organization or a unit of licensed authorized organizations, except as provided by Subsection (j) (relating to requiring the Texas Lottery Commission to adopt rules allowing a licensed authorized organization to retain a certain maximum amount of operating capital in the bingo account), to retain operating capital in the organization's or unit's bingo account in an amount that meets certain criteria, including not exceeding a total of $100,000, for a single organization or $100,000 for each member, rather than $50,000 for a single organization or $50,000 for each member of a unit unless certain conditions are met.
SECTION 2. Effective date: upon passage or September 1, 2025.