Bill Summary for S 261 (2019-2020)

Summary date: 

Mar 14 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
Senate Bill 261 (Public) Filed Thursday, March 14, 2019
AN ACT TO ALLOW CERTAIN POOL SELLING ACTIVITY AMONG PERSONS AND NONPROFITS.
Intro. by Gunn.

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Bill summary

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. 

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