Enacts GS 14-309.16, authorizing participation in pool selling where all monies paid by participants are paid out to either the winning participants based on the result of the pool and/or to a nonprofit organization. Defines pool selling to mean the act of selling or distributing shares or changes in a betting pool. Restricts the use of monies paid out to a nonprofit to benefit the purpose or cause for which the nonprofit was created.
NONPROFIT CHARITABLE ACTIVITY AUTH. ACT.
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| View NCGA Bill Details | 2019-2020 Session |
AN ACT TO ALLOW CERTAIN POOL SELLING ACTIVITY AMONG PERSONS AND NONPROFITS.Intro. by Gunn.
Status: Re-ref to Commerce and Insurance. If fav, re-ref to Rules and Operations of the Senate (Senate action) (Apr 18 2019)
Bill History:
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Thu, 14 Mar 2019 Senate: Filed
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Mon, 18 Mar 2019 Senate: Passed 1st Reading
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Mon, 18 Mar 2019 Senate: Ref To Com On Rules and Operations of the Senate
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Thu, 18 Apr 2019 Senate: Withdrawn From Com
S 261
Bill Summaries:
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Bill S 261 (2019-2020)Summary date: Mar 14 2019 - View Summary
View: All Summaries for Bill