Texas SB2218 regulates charitable bingo and establishes a nonprofit corporation to promote it.

Texas SB2218 amends the Occupations Code to regulate charitable bingo, including prize fees and advertising. It allows licensed authorized organizations to collect a fee from winners of cash prizes over $100. The bill establishes a nonprofit corporation to promote charitable bingo, which can spend money on advertising and other necessary expenses. The corporation cannot engage in political activities or be licensed to conduct bingo. The bill also modifies the distribution of prize fees and sets limits on operating capital for licensed organizations.

Texas SB2218 regulates charitable bingo and establishes a nonprofit corporation to promote it.

Texas SB2218 amends the Occupations Code to regulate charitable bingo, including prize fees and advertising. It allows licensed authorized organizations to collect a fee from winners of cash prizes over $100. The bill establishes a nonprofit corporation to promote charitable bingo, which can spend money on advertising and other necessary expenses. The corporation cannot engage in political activities or be licensed to conduct bingo. The bill also modifies the distribution of prize fees and sets limits on operating capital for licensed organizations.