HB 20 - Bingo; prize awards; increase amounts

Georgia House of Representatives - 1995/1996 Sessions

HB 20 - Bingo; prize awards; increase amounts

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House Comm: Ind / Senate Comm: / House Vote: Yeas Nays Senate Vote: Yeas Nays ---------------------------------------- House Action Senate ---------------------------------------- 1/9/95 Read 1st Time 1/10/95 Read 2nd Time 2/8/96 Favorably Reported ---------------------------------------- Rules Suspended to Introduce Code Sections amended: 16-12-60
HB 20 LC 18 6422 A BILL TO BE ENTITLED AN ACT 1- 1 To amend Code Section 16-12-60 of the Official Code of 1- 2 Georgia Annotated, relating to rules and regulations 1- 3 regarding the conducting of licensed bingo games, so as to 1- 4 change the amount which may be awarded as prizes during a 1- 5 calendar day or week; to repeal conflicting laws; and for 1- 6 other purposes. 1- 7 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. 1- 8 Code Section 16-12-60 of the Official Code of Georgia 1- 9 Annotated, relating to rules and regulations regarding the 1-10 conducting of licensed bingo games, is amended by striking 1-11 subsection (f) and inserting in its place a new subsection 1-12 (f) to read as follows: 1-13 "(f) It shall be unlawful to award prizes in excess of 1-14 $1,100.00 $2,200.00 in cash or gifts of equivalent value 1-15 during any calendar day or $2,200.00 $4,400.00 in cash or 1-16 gifts of equivalent value during any calendar week. It 1-17 shall be unlawful to exceed such limits at any combination 1-18 of locations operated by a single licensee or his or her 1-19 agents or employees. It shall be unlawful for two or more 1-20 licensees to pyramid the valuation of prizes in such 1-21 manner as to exceed the limits contained in this Code 1-22 section. The term 'equivalent value' shall mean the fair 1-23 market value of the gift on the date the gift is given as 1-24 the prize in a bingo game." SECTION 2. 1-25 All laws and parts of laws in conflict with this Act are 1-26 repealed. -1- (Index)

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Last Updated on 01/02/97