Sec. 2001.502. PRIZE FEE

Latest version.

A licensed authorized organization shall:
(1) collect from a person who wins a bingo prize of more than $5 a fee in the amount of five percent of the amount or value of the prize; and
(2) remit to the commission a fee in the amount of five percent of the amount or value of all bingo prizes awarded.

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2009, 81st Leg., R.S., Ch. 636 , Sec. 37, eff. October 1, 2009.

                    
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