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89(R) HB 2820 - Enrolled version - Bill Text
H.B. No. 2820
AN ACT
relating to the maximum amount of operating capital retained in a
licensed authorized organization's charitable bingo account.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2001.451(h), Occupations Code, is
amended to read as follows:
(h) Except as provided by Subsection (j), a licensed
authorized organization or a unit of licensed authorized
organizations may retain operating capital in the organization's or
unit's bingo account in an amount that:
(1) is equal to the organization's or unit's actual
average bingo expenses per quarter based on the preceding license
period, excluding prizes paid; and
(2) does not exceed a total of
$100,000
[
$50,000
] for a
single organization or
$100,000
[
$50,000
] for each member of a unit
unless:
(A) the commission by rule establishes a higher
amount for all organizations or units or one or more classes of
organizations or units; or
(B) the bingo operations director, on request,
raises the operating capital limit for one organization or unit as
necessary to facilitate the operation of the organization or unit.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2025.
______________________________
______________________________
President of the Senate
Speaker of the House
I certify that H.B. No. 2820 was passed by the House on May 6,
2025, by the following vote: Yeas 118, Nays 28, 1 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 2820 was passed by the Senate on May
28, 2025, by the following vote: Yeas 28, Nays 3.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor