| 1 | 1 | | By: Louderback H.B. No. 2820 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | |
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| 6 | 6 | | A BILL TO BE ENTITLED |
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| 7 | 7 | | AN ACT |
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| 8 | 8 | | relating to the limits on the amount of operating capital by a |
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| 9 | 9 | | charitable bingo organization. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Section 2001.451(h), Occupations Code, is |
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| 12 | 12 | | amended to read as follows: |
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| 13 | 13 | | (h) Except as provided by Subsection (j), a licensed |
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| 14 | 14 | | authorized organization or a unit of licensed authorized |
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| 15 | 15 | | organizations may retain operating capital in the organization's or |
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| 16 | 16 | | unit's bingo account in an amount that: |
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| 17 | 17 | | (1) is equal to the organization's or unit's actual |
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| 18 | 18 | | average bingo expenses per quarter based on the preceding license |
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| 19 | 19 | | period, excluding prizes paid; and |
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| 20 | 20 | | (2) does not exceed a total of $100,000 [$50,000] for a |
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| 21 | 21 | | single organization or $100,000 [$50,000] for each member of a unit |
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| 22 | 22 | | unless: |
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| 23 | 23 | | (A) the commission by rule establishes a higher |
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| 24 | 24 | | amount for all organizations or units or one or more classes of |
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| 25 | 25 | | organizations or units; or |
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| 26 | 26 | | (B) the bingo operations director, on request, |
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| 27 | 27 | | raises the operating capital limit for one organization or unit as |
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| 28 | 28 | | necessary to facilitate the operation of the organization or unit. |
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| 29 | 29 | | SECTION 2. This Act takes effect immediately if it receives |
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| 30 | 30 | | a vote of two-thirds of all the members elected to each house, as |
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| 31 | 31 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 32 | 32 | | Act does not receive the vote necessary for immediate effect, this |
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| 33 | 33 | | Act takes effect September 1, 2025. |
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