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.
|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)
Thu, 14 Mar 2019 Senate: Filed
Mon, 18 Mar 2019 Senate: Passed 1st Reading
Mon, 18 Mar 2019 Senate: Ref To Com On Rules and Operations of the Senate
Thu, 18 Apr 2019 Senate: Withdrawn From Com
Bill S 261 (2019-2020)Summary date: Mar 14 2019 - View Summary