Bill Text: TX SB1949 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the regulation of certain sweepstakes in this state.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2017-03-27 - Referred to State Affairs [SB1949 Detail]
Download: Texas-2017-SB1949-Introduced.html
| 85R11497 GCB-F | ||
| By: Hughes | S.B. No. 1949 | |
|
|
||
|
|
||
| relating to the regulation of certain sweepstakes in this state. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter B, Chapter 622, Business & Commerce | ||
| Code, is amended by adding Section 622.062 to read as follows: | ||
| Sec. 622.062. CERTAIN SWEEPSTAKES. (a) This chapter does | ||
| not apply to a sweepstakes that: | ||
| (1) has awarded one or more cash prizes valued at not | ||
| less than $1 million dollars based on chance or the random selection | ||
| of entries in each of the preceding five calendar years; | ||
| (2) does not require a purchase or payment for entry in | ||
| the sweepstakes or to win a prize; | ||
| (3) is operated by a person under and in voluntary | ||
| compliance with a consent judgment to which this state is a party or | ||
| under a similar agreement between the person and this state that | ||
| governs the marketing practices of the sweepstakes; and | ||
| (4) is operated by a person who has not been subject to | ||
| an enforcement proceeding under a consent judgment or any other | ||
| applicable state law regarding advertising or marketing practices | ||
| during the preceding five years. | ||
| (b) For purposes of this section, the value of a cash prize | ||
| awarded is the greatest of the prize's: | ||
| (1) face value; | ||
| (2) fair market value; or | ||
| (3) present financial value. | ||
| SECTION 2. This Act takes effect September 1, 2017. | ||
