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NC S261
Bill
AI Summary
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Adds new section G.S. 14-309.16 to legalize pool selling activity in North Carolina where all monies from participants are paid to either winning participants or nonprofit organizations.
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Requires that any monies paid to nonprofit organizations must be used for the benefit of the purpose or cause for which the nonprofit was created.
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Defines "pool selling" as the act of selling or distributing shares or chances in a betting pool.
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Becomes effective upon enactment.
Legislative Description
Nonprofit Charitable Activity Auth. Act
Last Action
Re-ref to Commerce and Insurance. If fav, re-ref to Rules and Operations of the Senate
4/18/2019
Committee Referrals
Commerce and Insurance4/18/2019
Rules and Operations of the Senate3/18/2019
Full Bill Text
No bill text available