Text: HF02531 Text: HF02533 Text: HF02500 - HF02599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 HOUSE FILE 2532 1 2 1 3 AN ACT 1 4 RELATING TO THE MAXIMUM VALUE OF PRIZES AWARDED IN RAFFLES 1 5 AND CERTAIN GAMES OF SKILL AND CHANCE. 1 6 1 7 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 8 1 9 Section 1. Section 99B.7, subsection 1, paragraph d, Code 1 10 1997, is amended to read as follows: 1 11 d. Cash prizes shall not be awarded in games other than 1 12 bingo and raffles. The value of a prize shall not exceedtwo1 13hundredone thousand dollars and merchandise prizes shall not 1 14 be repurchased. If a prize consists of more than one item, 1 15 unit, or part, the aggregate value of all items, units, or 1 16 parts shall not exceedtwo hundredone thousand dollars. 1 17 However, one raffle may be conducted per calendar year at 1 18 which prizes having a combined value of more thantwo hundred1 19 one thousand dollars may be awarded. If the prize is 1 20 merchandise, its value shall be determined by purchase price 1 21 paid by the organization or donor. 1 22 Sec. 2. Section 99B.7, subsection 1, paragraph q, 1 23 unnumbered paragraph 1, Code 1997, is amended to read as 1 24 follows: 1 25 A licensee under this section may hold one real property 1 26 raffle per calendar year at which the value of the real 1 27 property may exceedtwo hundredone thousand dollars in lieu 1 28 of the annual raffle authorized in subsection 1, paragraph 1 29 "d", if all of the following requirements are met: 1 30 1 31 1 32 1 33 RON J. CORBETT 1 34 Speaker of the House 1 35 2 1 2 2 2 3 MARY E. KRAMER 2 4 President of the Senate 2 5 2 6 I hereby certify that this bill originated in the House and 2 7 is known as House File 2532, Seventy-seventh General Assembly. 2 8 2 9 2 10 2 11 ELIZABETH ISAACSON 2 12 Chief Clerk of the House 2 13 Approved , 1998 2 14 2 15 2 16 2 17 TERRY E. BRANSTAD 2 18 Governor
Text: HF02531 Text: HF02533 Text: HF02500 - HF02599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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