Bill Text: TX SB1949 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the regulation of certain sweepstakes in this state.
Spectrum: Partisan Bill (Republican 1-0)
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 |
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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. |