Text: HF02412 Text: HF02414 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 99B.7, subsection 1, paragraph d,
1 2 unnumbered paragraph 1, Code Supplement 2003, is amended to
1 3 read as follows:
1 4 Cash prizes shall not be awarded in games other than bingo
1 5 and raffles. The value of a prize shall not exceed ten
1 6 thousand dollars and merchandise prizes shall not be
1 7 repurchased. If a prize consists of more than one item, unit,
1 8 or part, the aggregate value of all items, units, or parts
1 9 shall not exceed ten thousand dollars. However, one raffle
1 10 may be conducted per calendar year at which a cash prize, real
1 11 property, or one or more merchandise prizes having a combined
1 12 value of more than ten thousand dollars may be awarded.
1 13 EXPLANATION
1 14 This bill allows an award of a cash prize of more than
1 15 $10,000 at an annual raffle. Under current law, an annual
1 16 raffle can award real property or merchandise having a value
1 17 of more than $10,000 but does not include a provision
1 18 specifically authorizing a cash prize.
1 19 LSB 5988HH 80
1 20 ec/sh/8
Text: HF02412 Text: HF02414 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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