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NC S666
Bill
AI Summary
- Increases the maximum appraised value of real property offered in any single raffle from $500,000 to $750,000
- Increases the total appraised value of all real estate prizes a nonprofit organization may offer in a calendar year from $500,000 to $750,000
- Limits nonprofit organizations to offering no more than three real estate prizes in any calendar year
- Effective upon enactment and applies to raffles conducted on or after the law takes effect
Legislative Description
Raffles/Increase Real Estate Prize Limit
Nonprofit; Gaming; Property; Public; Real Estate
Last Action
Ref To Com On Rules and Operations of the Senate
4/10/2023
Committee Referrals
Rules and Operations of the Senate4/10/2023
Full Bill Text
No bill text available