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PAG LIN 1 1 Section 1. Section 99B.5, subsection 1, paragraph a, Code 1 2 1995, is amended to read as follows: 1 3 a. The raffle is conducted by the sponsor of the fair or a 1 4 qualified organization licensed under section 99B.7 or a 1 5 political subdivision of the state, that has received 1 6 permission from the sponsor of the fair to conduct the raffle. 1 7 Sec. 2. Section 99B.5, subsection 1, paragraph b, Code 1 8 1995, is amended to read as follows: 1 9 b. The sponsor of the fair or the qualified organization 1 10 has submitted a license application and a fee of thirty 1 11 dollars for each raffle, has been issued a license, and 1 12 prominently displays the license at the drawing area of the 1 13 raffle. A political subdivision of this state is not required 1 14 to pay a fee for a raffle license. 1 15 Sec. 3. Section 99B.5, subsection 1, paragraph g, Code 1 16 1995, is amended to read as follows: 1 17 g. The actual retail value of any prize does not exceed 1 18 fifty dollars. If a prize consists of more than one item, 1 19 unit, or part, the aggregate retail value of all items, units, 1 20 or parts shall not exceed fifty dollars. However, either a 1 21 fair sponsor or a qualified organization, but not both, may 1 22 hold one raffle per calendar year at which one or more prizes 1 23 having a combined valuenot greater than twenty thousandof 1 24 more than fifty dollars may be offered. If the prize is 1 25 merchandise, its value shall be determined by the purchase 1 26 price paid by the fair sponsor, political subdivision, or 1 27 qualified organization. 1 28 Sec. 4. Section 99B.5, subsection 1, Code 1995, is amended 1 29 by adding the following new paragraph: 1 30 NEW PARAGRAPH. i. An annual prize authorized under 1 31 paragraph "g" may be cash, merchandise, or real property, or 1 32 two or more of these items. 1 33 Sec. 5. Section 99B.7, subsection 1, paragraph d, Code 1 34 1995, is amended to read as follows: 1 35 d. Cash prizes shall not be awarded in games other than 2 1 bingo and raffles. The value of a prize shall not exceed 2 2 fifty dollarsand merchandise prizes shall not be repurchased. 2 3 If a prize consists of more than one item, unit, or part, the 2 4 aggregate value of all items, units, or parts shall not exceed 2 5 fifty dollars. However, one raffle may be conducted per 2 6 calendar year at which one or more prizes having a combined 2 7 valuenot greater than twenty thousandof more than fifty 2 8 dollars may be awarded. If the prize is merchandise, its 2 9 value shall be determined by purchase price paid by the 2 10 organization, political subdivision, or donor. Such an annual 2 11 raffle prize may be cash, merchandise, or real property, or 2 12 two or more of these items. 2 13 Sec. 6. Section 99B.7, subsection 1, Code 1995, is amended 2 14 by adding the following new paragraph: 2 15 NEW PARAGRAPH. q. A political subdivision of this state 2 16 may conduct a raffle pursuant to this section in the same 2 17 manner as a qualified organization. However, a political 2 18 subdivision of the state is not required to pay a license fee 2 19 pursuant to subsection 3 and paragraph "m" does not apply to 2 20 the political subdivision. 2 21 EXPLANATION 2 22 Under current law, the value of a raffle prize shall not 2 23 exceed $50 and the price of a raffle ticket may not exceed $1. 2 24 However, one raffle per year may have one or more prizes with 2 25 a total value of not more than $20,000 and the raffle ticket 2 26 price may exceed $1. 2 27 This bill removes the restrictions on the value of a raffle 2 28 prize. 2 29 This bill also authorizes a political subdivision of this 2 30 state to conduct a raffle in the same manner as a qualified 2 31 organization. 2 32 The raffle may also be conducted by the sponsor of a fair 2 33 or by a qualified organization or a political subdivision of 2 34 the state that has received permission from the sponsor of the 2 35 fair. 3 1 LSB 3066HH 76 3 2 tj/jw/5
Text: HF02012 Text: HF02014 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
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