House committee substitute to the 1st edition makes the following changes. Amends GS 14-309.15(g) (pertaining to real property offered as raffle prizes) to specify that any nonprofit organization offering real property as a prize in a raffle must provide the property free from all liens, provide an owner affidavit and indemnity agreement, and provide a title commitment for the property and must make that commitment available for inspection upon request.
RAFFLES/INCREASE REAL ESTATE PRIZE LIMIT.
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| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO INCREASE THE TOTAL APPRAISED VALUE OF ALL REAL ESTATE PRIZES OFFERED DURING A CALENDAR YEAR BY A NONPROFIT ORGANIZATION AS PART OF A RAFFLE.Intro. by Potts, Strickland, Winslow, Zenger.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Apr 20 2023)
Bill History:
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Tue, 14 Mar 2023 House: Filed
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Thu, 16 Mar 2023 House: Passed 1st Reading
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Wed, 5 Apr 2023 House: Reptd Fav Com Substitute
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Tue, 18 Apr 2023 House: Reptd Fav
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Tue, 18 Apr 2023 House: Cal Pursuant Rule 36(b)
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Tue, 18 Apr 2023 House: Placed On Cal For 04/19/2023
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Wed, 19 Apr 2023 House: Passed 2nd Reading
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Wed, 19 Apr 2023 House: Passed 3rd Reading
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Thu, 20 Apr 2023 House: Regular Message Sent To Senate
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Thu, 20 Apr 2023 Senate: Regular Message Received From House
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Thu, 20 Apr 2023 Senate: Passed 1st Reading
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Thu, 20 Apr 2023 Senate: Ref To Com On Rules and Operations of the Senate
H 374
Bill Summaries:
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Bill H 374 (2023-2024)Summary date: Apr 5 2023 - View Summary
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Bill H 374 (2023-2024)Summary date: Mar 14 2023 - View Summary
Amends GS 14-309.15 (pertaining to when real property is offered as a prize in a raffle) to increase the total allowable appraised value of all real estate prizes offered by any nonprofit organization for raffle from $500,000 to $2 million in a calendar year. Deletes provision limiting the value of any real property prize offered for any one raffle to $500,000. Applies to raffles conducted on or after the act becomes law.
View: All Summaries for Bill