| 5 | 3 | | |
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| 6 | 4 | | |
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| 7 | 5 | | A BILL TO BE ENTITLED |
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| 8 | 6 | | AN ACT |
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| 9 | 7 | | relating to the value of a residential dwelling that may be offered |
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| 10 | 8 | | or awarded as a prize at a charitable raffle. |
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| 11 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 10 | | SECTION 1. Section 2002.056(b-1), Occupations Code, is |
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| 13 | 11 | | amended to read as follows: |
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| 14 | 12 | | (b-1) The value of a residential dwelling offered or awarded |
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| 15 | 13 | | as a prize at a raffle that is purchased by the organization or for |
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| 16 | 14 | | which the organization provides any consideration may not exceed $2 |
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| 17 | 15 | | million [$250,000]. |
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| 18 | 16 | | SECTION 2. The change in law made by this Act applies to a |
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| 19 | 17 | | charitable raffle conducted under Chapter 2002, Occupations Code, |
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| 20 | 18 | | for which the prize is to be awarded on or after the effective date |
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| 21 | 19 | | of this Act. |
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| 22 | 20 | | SECTION 3. This Act takes effect immediately if it receives |
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| 23 | 21 | | a vote of two-thirds of all the members elected to each house, as |
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| 24 | 22 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 25 | 23 | | Act does not receive the vote necessary for immediate effect, this |
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| 26 | 24 | | Act takes effect September 1, 2015. |
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