GENERAL ASSEMBLY OF NORTH CAROLINA

1993 SESSION

 

 

CHAPTER 219

HOUSE BILL 97

 

AN ACT TO INCREASE THE LIMIT ON CASH PRIZES FOR RAFFLES.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 14-309.15(d) reads as rewritten:

"(d)      The maximum cash prize that may be offered or paid for any one raffle is one five thousand dollars ($1,000) ($5,000) and if merchandise is used as a prize, and it is not redeemable for cash, the maximum fair market value of that prize may be twenty-five thousand dollars ($25,000).  No real property may be offered as a prize in a raffle."

Sec. 2.  For the purposes of this act government entities within the State of North Carolina shall be considered nonprofit as defined in G.S. 105-130.11(a).

Sec. 3.  This act is effective upon ratification.

In the General Assembly read three times and ratified this the 28th day of June, 1993.

 

 

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Dennis A. Wicker

President of the Senate

 

 

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Daniel Blue, Jr.

Speaker of the House of Representatives