Senate File 21 - Introduced



                                       SENATE FILE       
                                       BY  COURTNEY


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

                                      A BILL FOR

  1 An Act relating to cash prizes for raffles and providing an
  2    effective date.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 1162SS 81
  5 ec/gg/14

PAG LIN



  1  1    Section 1.  Section 99B.7, subsection 1, paragraph d,
  1  2 unnumbered paragraphs 1 and 2, Code 2005, are amended to read
  1  3 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 real property or
  1 11 one or more merchandise prizes having a combined value of more
  1 12 than ten thousand dollars may be awarded or a cash prize
  1 13 prizes of up to a total of two hundred thousand dollars may be
  1 14 awarded.
  1 15    If a raffle licensee holds a statewide raffle license, the
  1 16 licensee may hold not more than eight raffles per calendar
  1 17 year at which real property or one or more merchandise prizes
  1 18 having a combined value of more than ten thousand dollars may
  1 19 be awarded or a cash prize prizes of up to a total of two
  1 20 hundred thousand dollars may be awarded.  Each such raffle
  1 21 held under a statewide license shall be held in a separate
  1 22 county.
  1 23    Sec. 2.  EFFECTIVE DATE.  This Act, being deemed of
  1 24 immediate importance, takes effect upon enactment.
  1 25                           EXPLANATION
  1 26    This bill allows an annual raffle, or a raffle conducted by
  1 27 a statewide raffle licensee, to award cash prizes of up to a
  1 28 total of $200,000.  Current law permits only the awarding of a
  1 29 single cash prize in an amount of up to $200,000.
  1 30    The bill takes effect upon enactment.
  1 31 LSB 1162SS 81
  1 32 ec/gg/14