TX SB2218

Allows licensed distributors to accept returns of bingo equipment and supplies from authorized organizations if the items were defective, not ordered, or delivered in excess quantities, with both parties required to maintain and exchange records of the returns

Authorizes statewide bingo organizations (those with members in at least 15 counties, existing before January 1, 2024) to form nonprofit corporations to advertise and promote charitable bingo, including information about game locations, prize amounts, and benefiting charities

Increases the operating capital limit that licensed bingo organizations may retain in their bingo accounts from $50,000 to $75,000 per organization or per unit member

Raises the threshold for collecting the 5% bingo prize fee from cash prizes over $5 to cash prizes over $100

Permits licensed organizations to redirect up to 15% of prize fees otherwise owed to counties or municipalities to the newly authorized nonprofit corporation for advertising purposes, based on 2023 remittance amounts