Bill Summary for H 374 (2023-2024)

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Summary date: 

Apr 5 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 374 (Public) Filed Tuesday, March 14, 2023
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.

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Bill summary

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.