Texas § OC.2002.056 - RESTRICTIONS ON PRIZES
Full text of Texas The Texas Constitution § OC.2002.056 — RESTRICTIONS ON PRIZES, with citation guidance and answers to common questions.
§ OC.2002.056. RESTRICTIONS ON PRIZES
RESTRICTIONS ON PRIZES. (a) A prize offered or awarded at a raffle may not be money. (b) Except as provided by Subsections (b-1) and (c), the value of a prize offered or awarded at a raffle that is purchased by the organization or for which the organization provides any consideration may not exceed $75,000. (b-1) The value of a residential dwelling offered or awarded as a prize at a raffle that is purchased by the organization or for which the organization provides any consideration may not exceed $750,000. (c) A raffle prize may consist of one or more tickets in the state lottery authorized by Chapter 466 , Government Code, with a face value of $75,000 or less, without regard to whether a prize in the lottery game to which the ticket or tickets relate exceeds $75,000. (d) A raffle is not authorized by this chapter unless the organization: (1) has the prize to be offered in the raffle in its possession or ownership; or (2) posts bond with the county clerk of the county in which the raffle is to be held for the full amount of the money value of the prize. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2005, 79th Leg., Ch. 929 (H.B. 541 ), Sec. 5, eff. June 18, 2005. Acts 2021, 87th Leg., R.S., Ch. 706 (H.B. 2757 ), Sec. 3, eff. June 15, 2021. Acts 2023, 88th Leg., R.S., Ch. 338 (S.B. 500 ), Sec. 1, eff. September 1, 2023.
Frequently Asked Questions About Texas § OC.2002.056
What does The Texas Constitution § OC.2002.056 cover?
Section OC.2002.056 ("RESTRICTIONS ON PRIZES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § OC.2002.056?
A common citation format is "The Texas Constitution § OC.2002.056" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § OC.2002.056 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.