Nebraska LB828 redefines terms related to gift enterprises, clarifying definitions and regulations.
Nebraska LB828 amends the definition of "gift enterprise" to clarify that it includes contests, games of chance, and raffles conducted in connection with the sale of consumer or trade products or services. It excludes certain games like bingo or keno, and specifies that the cost of entry should not exceed the cost of postage for a first-class letter. The bill also redefines "financial institution" and "operator" and mandates that operators disclose all terms and conditions to participants.
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