Mississippi House Bill 61 (Prior Session Legislation)

---

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on March 6 2012 - 100% progression
Action: 2012-03-06 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 81-13-11, Mississippi Code Of 1972, To Authorize Credit Unions To Conduct Savings Promotion Raffles; To Define "savings Promotion Raffle" As A Raffle Conducted By A Credit Union Where The Sole Consideration Required For A Chance Of Winning Designated Prizes Is The Deposit Of At Least A Specified Amount Of Money In A Savings Account Or Other Savings Program Offered By The Credit Union; To Provide That The Credit Union Shall Conduct A Savings Promotion Raffle So That Each Token Or Ticket Representing An Entry In The Raffle Has An Equal Chance Of Being Drawn; To Provide That A Credit Union Shall Not Conduct A Savings Promotion Raffle In A Manner That Jeopardizes The Credit Union's Safety And Soundness Or Misleads Its Members; To Authorize The Commissioner Of Banking To Examine The Conduct Of A Savings Promotion Raffle, And To Issue Cease And Desist Orders For Violations Of This Act; To Amend Sections 97-33-31 Through 97-33-49, Mississippi Code Of 1972, To Exempt Savings Promotion Raffles Conducted By Credit Unions From The Criminal Prohibitions Against Lotteries And Raffles; And For Related Purposes.

Credit unions; authorize to conduct savings promotion raffles.

Rep. John Hines [D]

Date	Chamber	Action
2012-03-06		Died In Committee
2012-02-06		Referred To Banking and Financial Services;Judiciary B

Type	Source
Summary	https://billstatus.ls.state.ms.us/2012/pdf/history/HB/HB0061.xml
Text	https://billstatus.ls.state.ms.us/documents/2012/html/HB/0001-0099/HB0061IN.htm