Text: S05365 Text: S05367 Text: S05300 - S05399 Text: S Index Bills and Amendments: General Index Bill History: General Index
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PAG LIN 1 1 Amend Senate File 2012 as follows: 1 2 #1. By striking everything after the enacting 1 3 clause and inserting in lieu thereof the following: 1 4 "Section 1. Section 99B.5, subsection 1, paragraph 1 5 g, Code 1995, is amended by striking the paragraph and 1 6 inserting in lieu thereof the following: 1 7 g. The actual retail value of any prize does not 1 8 exceed two hundred dollars. If a prize consists of 1 9 more than one item, unit, or part, the aggregate 1 10 retail value of all items, units, or parts shall not 1 11 exceed two hundred dollars. However, either a fair 1 12 sponsor or a qualified organization, but not both, may 1 13 hold one raffle per calendar year at which prizes 1 14 having a combined value not greater than thirty 1 15 thousand dollars may be offered. If the prize is 1 16 merchandise, its value shall be determined by the 1 17 purchase price paid by the fair sponsor or qualified 1 18 organization. 1 19 Sec. 2. Section 99B.5, Code 1995, is amended by 1 20 adding the following new subsections: 1 21 NEW SUBSECTION. 3. A licensee under this section 1 22 may hold one real property raffle per calendar year at 1 23 which the value of the real property may exceed twenty 1 24 thousand dollars in lieu of the annual raffle 1 25 authorized in subsection 1, paragraph "g", if all of 1 26 the following requirements are met: 1 27 a. The licensee has submitted the special real 1 28 property raffle license application and a fee of one 1 29 hundred dollars to the department, has been issued a 1 30 license, and prominently displays the license at the 1 31 drawing area of the raffle. 1 32 b. The real property was acquired by gift or 1 33 donation or has been owned by the licensee for a 1 34 period of at least five years. 1 35 c. All other requirements of this section and 1 36 section 99B.2 are met, except that the cost to 1 37 participate in the raffle may exceed one dollar for 1 38 each participant. 1 39 d. Receipts from the raffle are kept in a separate 1 40 financial account. 1 41 e. A cumulative report for the raffle on a form 1 42 determined by the department and one percent of the 1 43 gross receipts are submitted to the department within 1 44 sixty days of the raffle drawing. The one percent of 1 45 the gross receipts shall be retained by the department 1 46 to pay for the cost of the special audit. 1 47 NEW SUBSECTION. 4. For each real property raffle 1 48 license issued, the department shall conduct a special 1 49 audit of the raffle to verify compliance with the 1 50 appropriate requirements of this chapter. 2 1 Sec. 3. Section 99B.7, subsection 1, paragraph d, 2 2 Code 1995, is amended by striking the paragraph and 2 3 inserting in lieu thereof the following: 2 4 d. Cash prizes shall not be awarded in games other 2 5 than bingo and raffles. The value of a prize shall 2 6 not exceed two hundred dollars and merchandise prizes 2 7 shall not be repurchased. If a prize consists of more 2 8 than one item, unit, or part, the aggregate value of 2 9 all items, units, or parts shall not exceed two 2 10 hundred dollars. However, one raffle may be conducted 2 11 per calendar year at which prizes having a combined 2 12 value not greater than thirty thousand dollars may be 2 13 awarded. If the prize is merchandise, its value shall 2 14 be determined by purchase price paid by the 2 15 organization or donor. 2 16 Sec. 4. Section 99B.7, subsection 1, Code 1995, is 2 17 amended by adding the following new paragraphs: 2 18 NEW PARAGRAPH. q. A licensee under this section 2 19 may hold one real property raffle per calendar year at 2 20 which the value of the real property may exceed twenty 2 21 thousand dollars in lieu of the annual raffle 2 22 authorized in subsection 1, paragraph "d", if all of 2 23 the following requirements are met: 2 24 (1) The licensee has submitted the special real 2 25 property raffle property license application and a fee 2 26 of one hundred dollars to the department, has been 2 27 issued a license, and prominently displays the license 2 28 at the drawing area of the raffle. 2 29 (2) The real property was acquired by gift or 2 30 donation or has been owned by the licensee for a 2 31 period of at least five years. 2 32 (3) All other requirements of this section and 2 33 section 99B.2 are met, except that the cost to 2 34 participate in the raffle may exceed one dollar for 2 35 each participant. 2 36 (4) Receipts from the raffle are kept in a 2 37 separate financial account. 2 38 (5) A cumulative report for the raffle on a form 2 39 determined by the department and one percent of the 2 40 gross receipts are submitted to the department within 2 41 sixty days of the raffle drawing. The one percent of 2 42 the gross receipts shall be retained by the department 2 43 to pay for the cost of the special audit. 2 44 NEW PARAGRAPH. r. For each real property license 2 45 issued, the department shall conduct a special audit 2 46 of the raffle to verify compliance with the 2 47 appropriate requirements of this chapter." 2 48 2 49 2 50 3 1 TONY BISIGNANO 3 2 SF 2012.203 76 3 3 tj/jj
Text: S05365 Text: S05367 Text: S05300 - S05399 Text: S Index Bills and Amendments: General Index Bill History: General Index
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