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TX HB2820
Bill
Status
Passed
6/20/2025
Primary Sponsor
AJ Louderback
Click for details
AI Summary
- Increases the maximum operating capital that licensed charitable bingo organizations can retain in their bingo accounts from $50,000 to $100,000 for single organizations
- Raises the per-member operating capital limit for units of licensed authorized organizations from $50,000 to $100,000
- Retains existing provisions allowing the commission to establish higher limits by rule or the bingo operations director to raise limits for individual organizations upon request
- Operating capital retained must still equal the organization's actual average quarterly bingo expenses from the preceding license period, excluding prizes paid
- Takes effect immediately with two-thirds legislative vote, otherwise September 1, 2025; passed House 118-28 on May 6, 2025 and Senate 28-3 on May 28, 2025
Legislative Description
Relating to the maximum amount of operating capital retained in a licensed authorized organization's charitable bingo account.
Amusements, Games, Sports
Last Action
Effective immediately
6/20/2025
Committee Referrals
State Affairs5/9/2025
Licensing & Administrative Procedures3/19/2025
Full Bill Text
No bill text available