GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

H	2 

HOUSE BILL 97
Senate Judiciary I Committee Substitute Adopted 6/16/93

Short Title:  Raffle Limit Increased.	(Public)
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Sponsors:
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Referred to:  
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February 9, 1993

A BILL TO BE ENTITLED
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 five thousand dollars ($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.  This act is effective upon ratification.