House File 2413

                                       HOUSE FILE       
                                       BY  COHOON


    Passed House, Date                Passed Senate,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act allowing for the awarding of a cash prize at an annual
  2    raffle.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 5988HH 80
  5 ec/sh/8

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
  1 21
  1 22
  1 23
  1 24
  1 25
  1 26
  1 27
  1 28
  1 29
  1 30
  1 31
  1 32
  1 33
  1 34
  1 35